Oh heck, I lost £55 billion.....
Posted: 14 Dec 2013, 12:48
..... I know, I'll slash the welfare budget to get some of it back.
So goes the thinking of George Osborne.
The figures from Parliament's Public Accounts Committee (PAC) show that governemnt had to write off £13.2 billion due to losses and fraud. A figure suspected to be around £6 billion will be added once local government figures are included. There is also a gap of £35 billion between what the chancellor actually collects in taxes and what the accounts say he should be getting. The shortfall is due to inefficiency and a failure to get to grips with avoidance and evasion.
The chancellor's answer to these problems: "You are going to have to find billions of pounds more in welfare savings if you want to reduce the deficit, eliminate the deficit and get our debt falling." By his maths cuts of around £12 billion should do it - talk about aiming at the easy target.
Now, you might have missed these staggering and important items of news for the country and its people because it didn't last too long on the news sites. Mr Mandela had recently passed away and Nigella was accused of hoovering up white powders like an industrial vacuum cleaner, of these things we had to be kept informed.
So goes the thinking of George Osborne.
The figures from Parliament's Public Accounts Committee (PAC) show that governemnt had to write off £13.2 billion due to losses and fraud. A figure suspected to be around £6 billion will be added once local government figures are included. There is also a gap of £35 billion between what the chancellor actually collects in taxes and what the accounts say he should be getting. The shortfall is due to inefficiency and a failure to get to grips with avoidance and evasion.
The chancellor's answer to these problems: "You are going to have to find billions of pounds more in welfare savings if you want to reduce the deficit, eliminate the deficit and get our debt falling." By his maths cuts of around £12 billion should do it - talk about aiming at the easy target.
Now, you might have missed these staggering and important items of news for the country and its people because it didn't last too long on the news sites. Mr Mandela had recently passed away and Nigella was accused of hoovering up white powders like an industrial vacuum cleaner, of these things we had to be kept informed.