For those who struggle to understand the difference between your spending and Government spending
“the latest figures released this week show that the deficit is going up again, even though spending is not. The reason for the increase is quite explicitly because tax receipts are going down, which was always going to happen sooner or later with Osborne’s occasional cutting frenzies. “
by Martin Odoni
I should know better than to watch BBC Question Time. I have largely stopped watching it, especially over the last two years, as I have become fed up of its thinly-veiled bias – its tendency to give incredibly disproportionate exposure to members of the UK Independence Party in particular – and its considerable dumbing-down since the late-1990’s. Habitually inviting pop-culture celebrities, where once it might have included scientists or public workers, often lends the programme an air of triviality.
But today I decided to give last night’s episode a viewing on iPlayer , and yes, it was a mistake, as I was soon listening to one of the most obtuse audience-members Question Time has ever had.
He said, as follows; –
Economics is really simple. I’ve got ten pounds in my pocket. If I go out and buy three pints of beer in Cambridge, I’m probably…
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