Old favourite returns. As ever, to the right of the Tories
http://www.bbc.co.uk/news/uk-politics-18567776Quote:
State spending is too high and likely to be leading to "waste and inefficiency", ex-Liberal Democrat Cabinet minister David Laws has said.
Mr Laws said the public sector's share of the economy should be cut to 35% from the 49% it reached in 2010-11.
It needed to be "back in kilter with the amount of tax people are prepared to pay", he told the Sunday Telegraph.
His call goes further than that of Commons Treasury committee chairman Andrew Tyrie who wants a 40% share.
Quote:
"Even after the existing fiscal consolidations, state spending will account for some 40% of GDP, a figure that would have shocked not only Adam Smith, William Gladstone, and John Stuart Mill, but also John Maynard Keynes and David Lloyd George," he said.
Yeah, because Keynes couldn't have got his head around an ageing population. Or that stuff like healthcare was paid for from tax revenue rather than mostly being done privately as it was in his day. Or that people stayed much longer in education. His head would have hurt.
Anyway, you're the Liberal Democrats. You were formed by merger of the Liberals and the SDP. You think your first leader, Paddy Ashdown, is shocked at 40%?