Last evening’s Newsnight had Danny Alexander, as Financial Secretary (surely one of the most remarkable elevations since Caligula would have advanced Incitatus to consular rank), being given the treatment by Jeremy Paxman.
The highlight was the revelation that the ConDem coalition goes into the next General Election committed to a further £30 billion in cuts for the subsequent parliament. Fair enough, except the Treasury hasn’t a clue where almost £29 billion of that whoops-oh-nasty is coming from.
This used to be known as a “black hole”. It is, in passing, about one-and-a-half per cent of the UK’s GDP.
Catch the occasion on iPlayer.