Don't be fooled by coalition spin
WE KEEP hearing from the Government about the mess the previous Government left the country in.
If only this was true. A report by city broker Tullett Prebon, based on the Government's own data, reports a fall in annual spending of barely one per cent since the coalition came to power.
In fact, in 2011-2012, the total was still 3.4 per cent higher than in 2008-2009. That's the so-called wasteful Labour Government. Also, the coalition is now borrowing almost as much over five years as Labour did over 13.
The IMF expects our national debt to rise faster over the next two years than in any other major European country except Spain.
There are only so many times you can blame the previous government.
The real reason they are exaggerating the economy is so they can dismantle the welfare state. It's in their DNA.