Just a quick reality check: The UK government has postured and made a loud noises about their so-called “spending cuts”, and, indeed, the opposition in the UK have also waxed lyrical about “savage cuts”.
Well, here, courtesy of the office for budget responsibility, are those “cuts”, and the projected “cuts”, in full:
Total Managed expenditure
2012-13: £701.9bn
2013-14: £717.8bn
2014-15: £730.5bn
2015-16: £744bn (OBR figures Autumn 2013)
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