Throughout period of government by the Conservatives under Margaret Thatcher, the Labour Party and their aficionados claimed there were cuts in public spending. In fact, in each year, public spending rose under the Conservatives. In the year before the Conservatives came into government under Thatcher, 1978-9 (the last year of Labour government), total public spending was £75 billion. By 1989-90 (the last year of government under Margaret Thatcher) public spending was £200 billion. This was an increase in public spending year on year, every year and an increase in public spending even allowing for general inflation.

According to this year’s budget plans, public current spending will rise from £600.6 billion in 2009-10, the last Labour year, to £692.7 billion in 2014-15, the last planned year of the Coalition government in this Parliament. That’s a rise of £92.7 billion, or more than 15%: a rise of £1500 for every man,woman and child in the UK.

Total spending including capital will rise from £669.3 billion in 2009-10 to £737.5 billion, a rise of £68.2 billion. This shows that there will be a reduction in capital spending over the next 4 years but this reduction in capital spending WAS the plan inherited from the last Labour government and which the Coalition government have inherited and accepted.
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