What cuts? My favourite two facts about British public spending are these. Housing benefit, probably the single most fraud­ulent and wasteful state handout ever invented, costs more each year than the Army and the Royal Navy combined.
And while Labour spent £600 billion (roughly £10,000 for every human being in this country) in their last year in office, the supposedly vicious cutter George Osborne plans to spend £692.7 billion (£11,500 per head) in 2014-15, after his alleged chainsaw massacre. Britain remains bankrupt in most important ways.