Yesterday, it was reported that little Georgie Osborne was pledging to "inject unspent money into capital projects".
The chancellor of the exchequer is working on pooling unspent money from across Whitehall to inject into extra capital projects to kickstart the economy, the Guardian has learned.
George Osborne has earmarked spending that Whitehall departments have failed to meet—further to a £500m pot already created by his Lib Dem colleagues—which will be redirected to "really useful projects, capital R, capital U," one Conservative cabinet minister told the Guardian.
Really? Well, tonight, the BBC has a rather different story to tell...
A council tax freeze in England will be extended to 2012/13 under plans to be unveiled by the chancellor on Monday.
The £805m move will be paid for by a Whitehall "underspend", aides said.
The government cannot force councils to freeze bills—but it is offering to give those which limit spending rises to 2.5% the money they need.
Wow. Thank goodness for that "underspend", eh?
But I thought that it was going to be spent on "capital projects"? Funnelling more money to councils in order to shore up their expenditure is not, by any definition, "capital projects".
In any case, as I pointed out somewhat vociferously yesterday, there is no fucking "underspend".
What "unspent money", George? Your Coalition has borrowed more money in the last year than any government in history; the structural deficit is bigger than ever, and you have reduced this country's debt by precisely bugger all.
Approximately £180 billion of the cash that you are burning through this year is money that you didn't have in the first place, you fucking cock.
Repeat after me, George: there is no "underspend", because you are overspending by about £500 million every damn day.
As it happens, I would rather that Georgie used the money to avert tax rises than squander it on a pointless high-speed rail link or a fucking statue of a giant ice-cream or something, but even so...