Tuesday, August 14, 2007

Brown Bounce costs you 39 Billion

Apparently the "Brown Bounce" in the polls that has some of the papers frothing at the mouth over the weekend has cost you and I 39 billion pounds. That's just over over twice as much as John Redwood thought he could save businesses in a year by reducing red tape.
The Guardian says

The huge sum suggests that, as chancellor, Mr Brown was able to hold back funds and policy initiatives until Mr Blair had stood aside. In effect, this helped fund the "Brown Bounce" that has delivered a run of significant poll leads and added to the expectation of an early general election.

The new spending includes an extra £7.7bn for defence to 2011; £15bn to improve the railways; £4bn extra spending on early years education over three years, covering Sure Start centres; £8bn on increasing the availability of affordable housing; £800m on flood defences; £400mon students grants and £1.2bn on a new electronic national border system.

Also noteworthy is that much of the spending is being targeted at issues that may affect marginal seats.

Oh and did I forget to mention that much of this "extra" spending has already been announced.

The biggest problem about all this money is that it has to, somehow, be paid for by us the Taxpayer. No mention has been made yet of where this money is going to come from, this will be saved until the fine print of the 2007 comprehensive spending review, due in October, has been pored over and the "Clunking Fists" deceit is exposed as per the 10p tax rate.

Brown spends £39bn in first seven weeks in No 10 | Special Reports | Guardian Unlimited Politics

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