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Osborne says he has the solution to Britain's £178bn problem - Times Online

A Conservative government would, he says, put spending cuts before tax rises. "I am quite clear that the bulk of this has to come from curbing public spending. The Government overspent and overborrowed, it's not that we were undertaxed."

Tory frontbenchers have been told to find substantial savings across the board. If Mr Osborne becomes Chancellor he intends to set up a "star chamber", including Cabinet ministers without spending departments, to decide where the axe should fall. Ministers would have to pitch to their colleagues for cash. "The Prime Minister and the Chancellor just hand out spending decisions. There is no collective bargaining. That's demeaning for government," he says. "What you need at a time of economic challenge is collective political will to deal with it."

Would he like to save money by scrapping Trident? "We need to look across the board at getting value for money and that includes defence projects," he says. The BBC should get into the real world. "The salaries need to reflect the economic conditions. As and when they find savings, I would want that money to go back to licence-fee payers."

Crossrail is less of a target. "I have a French view that these grands projets, when it comes to transport spending, are worth it. The [north-south] high-speed rail link is also enormously expensive, but I'd like to see it built. These big infrastructure projects will power the future." What about the third runway at Heathrow? "It's not going to happen."

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Dec 12th, 2009 at 01:21:20 PM EST
[ Parent ]
The [north-south] high-speed rail link is also enormously expensive, but I'd like to see it built.

What can I say, better late than never for the Tories to decide it's worth it to spend at least one penny of public money on high speed rail.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Sat Dec 12th, 2009 at 03:04:27 PM EST
[ Parent ]
He does not have a solution, he is talking of a few million here and a few million there. He needs to cut 10 or 20 thousand million, 3 orders of magnitude, before he'll even dent the deficit.

He has to cut defence but he won't. He needs to raise taxes on those most able to pay but he won't. He needs to tax City transactions but he won't.

so he's going to destroy the UK social security safety net while bleating that it's necessary pain to save jobs. The NHS will probably get gutted and private pensions will be wrecked again.

I would get angrier if that wasn't identical to what the conservatives dressed up as Labour would do; instead I just feel tired and helpless. We are becoming all of the bad bits of the USA, just what Brown and Cameron have always wanted.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Dec 13th, 2009 at 06:43:08 AM EST
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