Labour did not overspend in office. So why do Labour’s leadership candidates keep saying so?

An excellent article.

Notes from a Broken Society

Perhaps the most depressing aspect of the Labour leadership contest is hearing the candidates acquiescing in the myth that Labour in office overspent – and, by implication, accepting the Tory framing that Labour crashed the economy.  Of course it is more nuanced than that, but the outcome of the recent election shows that this is not a debate in which nuance plays much part.

The simple fact is that Labour did not overspend.  In fact, as a percentage of GDP, New Labour spent less than Margaret Thatcher – an average of 41.5% of GDP against 44.2%.  And in fact that figure hides the fact that after the 2007/8 crash, with the economy contracting viciously and rapidly, public spending as a proportion of GDP inevitably rose.

Moreover, spending is only one aspect of a deficit – you also need to consider taxation.  And, again, Labour taxed less than Thatcher as a…

View original post 754 more words

Advertisements

Socca frying-pan-pizza base (Gluten free), 14p

Nice One.

COOKING ON A BOOTSTRAP

As part of my ‘health binge’ I am currently indulging in, I bought a bag of gram flour from the supermarket. At £1.30 for a kilo (brand: KTC, widely available at major supermarkets), it’s not as cheap as Basics flour, but it is gluten free and very versatile, or so I’m told. I used to shuffle past it in the supermarket, eyeballing it, wondering what could be done with it other than bind my bhaji, so to speak.

And then I took the plunge. And got some. And brought it home. Yesterday I used it as the binder and coating on my new kidney bean and peanut butter burgers, for an extra smidge of protein, and just to get the bag down and open and into my consciousness. You might be seeing a lot of gram flour recipes over the next couple of weeks, but that’s a good thing –…

View original post 574 more words