It points out that the UK has the second fastest rate of growth of government expenditure in the EU. The left’s Plan B and too far, too fast rhetoric are simply nonsense.
The reason that we have the pain of cuts whilst public expenditure is growing is because we are having to pay more benefits and more interest on accumulating government debt. If the markets lost faith in George Osborne we would have to pay double to service our debts. Looking at this comparison there really is no room to increase public expenditure. Balls and co would have to visit massive new cuts on us with their Plan B.