Sunday, 9 June 2013

What the Labour/BBC alliance don't tell you

'Much highlighted by the BBC and others last week was the centrepiece of what Ed Balls, the shadow chancellor, called his "tough" plans to reduce our public-spending deficit: his promise to scrap the £200 winter-fuel allowance to higher tax-rate pensioners. This, he proudly claimed, would save £100 million a year. What was not explained – by him or the BBC – was that, since our borrowing is running at £120 billion a year, this saving would only cover seven hours of the year. That leaves a mere 8,753 hours in the year for which Mr Balls has to come up with another "tough" plan.'
From here

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