The Conservative’s George Osborne was on the Andrew Marr show today (28/02/10) and I felt like I wanted to vomit..
George was rambling on about Conservative policy on the economy and how the Conservatives are the ‘only party for change‘. Well, they are clearly not – the English Democrats would bring about the biggest level of change in this country in over 300 years!
Our provisional ‘draft budget’ has equated that we could save the English economy over£110 BILLION per year;
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£14.6 billion (at the rate of £40million per day) on the EU bill.
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£50 billion a year to Scotland, Wales and N.Ireland (by way of the Barnett Formula).
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Over £50 billion per year by scrapping many of the unelected Governmental bodies (Quangos) such as 8 of the 9 Regional Assemblies (London as the exception).
FACT: The level of (Net) National Debt was £848.5 billion at the end of January 2010. As a percentage of gross domestic product (GDP) this equates to 59.9%.
SOURCE: Office for National Statistics website;HERE,
The English Democrats budget could therefore eliminate the national debt within 7 years with no cuts in any budget! However if we were to make cuts in the levels of Whitehall bureaucracy we could save billions more; this money could be used to provide for either tax-cuts or budget increases over the governance period.