Nick Clegg has started to put some meat on the bones of his £20 billion spending cut strategy. He's now laid out how he will save a third of the money. This involves...
* Removing high earners from receiving tax credits AGREE
* Scrap child trust funds AGREE
* Shelve 90% of road building programme DISAGREE
* Save £1 billion from DCSF budget AGREE
* Abolish National Teaching Strategy AGREE
I have tried to find more details about this on the LibDems website and LibDem Voice, but there is no mention of anything at all. I agree with all the above suggestions expect the scrapping of 90% of the road building programme. In a time of economic downturn infrastricture projects are needed more than ever, especially with regard to the jobs they create. Our roads system has been cut to the bone by the current government and is in no position to be cut further.
We should remember that these £7 billion of cuts amount to only just over 1% of total government spending. They are remarkably unambitious. But no matter, they are a start, and this is an area the Conservatives would do well to concentrate on in advance of an election, because sure as night follows day, they are going to be faced with some very unpalatable public spending decisions to take. The preparation needs to be done now, not in the weeks after June 2010.