Sir Philip Green has completed a review into public spending and has announced that he can save the country £20bn a year in efficiency savings based on procurement and economies of scale, apparently the owner of Top Shop suggests that there is a possibility of saving 6-700M in telecoms alone. This is really just confirmation of what we have known about the Labour Governments attitude to our money all along, The attitude seems to have varied from “It’s not our money so why worry.” All the way to “We need to spend as much as possible otherwise we won’t get as much next year.” And it is this attitude as much as the actual waste that needs to be challenged if we are to ever get a real chance of closing the budget gap, and this is not just the civil servants but has been led from the politicians from the top and the Unions who seem to feel their members have a right to waste this money.
Now this £20Bn saving, if it is achieved will help protect many front line services, unfortunately it will not mean a lot in helping the Quangos and other bodies already facing cuts as after all the deficit last year was £159.8Bn so a further £139Bn of cuts are needed (Just to break even, this will not even start to pay off our now 1 Trillion of debt (or 71% of GDP) simply stop us building up anymore debt and interest. But it is 20Bn less to need to spend than if Labour had been allowed to carry on their policies of waste. After all despite what the last administration seem to believe and the attitude of many people currently living off the state – This is our Money, It comes from our hard work and taxes and it is about time someone started to look after it!
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