The manifesto also proposed a
large increase in public spending on education, which would allow for the school leaving age to be increased to 18 and reduce average class sizes to 19 pupils.
[27] He promised
increases in public spending of 2 % a year, [27] calling Labour charges that the Conservatives would cut public spending «a pack of lies».
Specifically, the manifesto argues for an end to austerity: the SNP proposal is for a 0.5 %
annual increase in public spending over the course of the next parliament, rather than the reductions in spending which George Osborne laid out in his March 2015 budget.
Also, until late 2008, well into the financial crisis, the Tories supported
increases in public spending over deficit reduction; then they abruptly reversed their position.
The Wall Street Journal pegs the total cost of his platform, which includes sharp increases in Social Security and Medicare, plus free tuition, at $ 18 trillion over 10 years, the
biggest increase in public spending since the Second World War.
There is a certain irony in the fact that during his final years in the Commons, he was one of the few people warning of the dangers of both the
excessive increase in public spending and in consumer and mortgage borrowing and house prices.
When Michael Howard had his one to one interview befre the election on BBC1, he said that we'd been wrong to say that public spending should be less than 42 % of GDP, beat his breasts about the evils of Section 28, and
pledged increases in public spending.
The US public accounts are already in almost as big a mess as the Uk ones, so why on earth some Americans ask would you choose now to make such a
huge increase in public spending which you can not afford?
Writing in The Times, Mr Osborne says that the Tories will deliver year - on - year
real increases in public spending and will match Labour's spending plans for the next two years.
Mr Osborne has given an interview to the FT (of which there is more inside the paper here) in which he asserts that Labour's projected 1.1 % annual
increase in public spending between 2011 and 2014 is «unsustainable» and that it will be spending cuts rather than tax rises which account for reducing the the fiscal deficit:
He said: «If, in the autumn, the public finances continue to reflect the improvements that today's report hints at, then, in accordance with our balanced approach — and using the flexibility provided by the fiscal rules — I would have the capacity to enable
further increases in public spending and investment in the years ahead while continuing to drive value for money to ensure that not a single penny of precious taxpayers» money is wasted.»
High levels of unemployment have in turn generated
an increase in public spending, mostly due to the kicking in of automatic stabilisers like unemployment benefits.
Shadow Chancellor George Osborne recently announced a tough process for confirming
any increases in public spending.
If you look at the facts rather than the allegations: what we are doing in the fiscal plan is slowing down
the increase in public spending.
It argues that by improving their finances when economic performance is strong, governments will have more scope to use tax cuts or
increases in public spending to combat a future downturn.
«Under Tony Blair and Gordon Brown, the economy still grew more slowly in the north, but it received proportionately more of
the increases in public spending.