As usual, the Budget speech was significant for what the Chancellor did not say. He did not mention that government spending will soar to £600 billion this year – that's £10,000 for every man,woman and child, twice as much as in 1997. Is the average family of four really getting good value for the £40,000 it pays out? Is the state catching twice as many criminals, doubling educational achievement, or treating twice as many NHS patients?
No. The vast majority of the money—our money—has been pissed up the wall.
If the government sector had grown only in line with inflation, rather than far above it, taxpayers would be £200 billion better off – enough to abolish income tax, corporation tax, capital gains tax and inheritance tax. Just think what that would do for our international competitiveness.
Indeed. And think what it would do for the general wealth of the population.
In fact, I did a fairly detailed analysis of the figures a while back. The government has spend huge amounts of cash and, were we to roll back the state, all sorts of taxes could be abolished...