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02/03/2010 by Steve Barclay.
The examples of government waste just keep coming. I thought I would share with you one from today’s press. 45 years ago, there were just 18 government economists. Today the civil service has nearly 1,600 economists. Are we so much better governed for this increase?
Economists cannot agree on the key decision facing the country - when to start tackling the deficit with cuts. Some recently wrote in the Sunday Times in support of the Conservatives approach of tackling our massive debt sooner than the Government plans. Others backed Labour’s plans to wait another year.
What we do not need to wait to know is that it now costs more for the British government to borrow than Italy. We are paying almost an extra 1% to borrow compared to Germany. The markets are already speaking - will the voters act or wait until we are forced to do so like Greece?
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