Spending cuts are a misnomer
First base for the Coalition was the necessity to assure the Money Markets that UK Gov't Bonds would not be subject to default. This for the main part has been achieved, now the gargantuan deficit is being re-allocated to promote growth and a few sacred cows have to be sacrificed.
No one ever expected the good times could roll forever, especially based on a mountain of debt both personal and government inspired, by so-called economists turned politicians, who should never have been let loose with a Piggy Bank
The higher the peak the deeper the trough that follows it and that's where the Coalition came in and they are making a pretty good fist of it so far, all things being equal.
So let's have an end to the mewling and puking. This is the medicine that always follows the demise of Labour government and its all there in the history books, which they tried so valiantly to discard.
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