Tories to cut defence and police budgets?
Oliver Letwin's big moment was rather good, even if his speech was rather dense in parts. It was shame almost all of his money initially for tax cuts is going to come from efficiency gains, which should only be used like he notes the (correctly) the benefits (if they exist) of a 'laffer' curve for taxation should be used, i.e only when they happen. After than he has promised to keep spening on health and education, but to cut everything else, in order to reduce the share of GDP taken by public spending in 2011 to what it is now, but about 3-4% lower than it would be under Labour.The other remarkable thing is that he intends to cut both the defence and law & order budget in real terms by around 2% to 3% a year for the first two years of a Conservative government, and then given them no real resources thereafter. Or in other words the Conservatives are pledging to reduce Labour's increases in both areas. Isn't politics strange?
posted by Matthew @ 2/16/2004 05:49:00 PM
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