You knew that was coming.
But what has been falling?
Apart from the rain? Well, try this:
That should be read in three ways:
- The regular increases from 2007/8 to 2010/11 were a recognition by the “spendthrift” Labour government that there were roofs, or rather riverbeds to fix while the sun was suing.
- The programmed cuts by the ConDem government, under Osborne’s panic-inducing Spending Review, were flying in the face of all reasoned prediction, and were a (now lost) hostage to fortune.
- The blue “Additional Capital funding”, with the extra bunce Cameron found down the back of the sofa last Wednesday, should be interpreted as “Sorry! We were wrong!”
Oh, and there’s this:
The Department for Environment, Food and Rural Affairs will deliver resource savings of an average 8% a year, but we will fund a major improvement in our flood defences and coastal erosion management that will provide better protection for 145,000 homes.
From the horse’s arse himself: The Chancellor of the Exchequer (Mr George Osborne), House of Commons, 20th October 2010.
An object lesson
Now for a bit more musical accompaniment (and how a Nervous Nellie should deal with a big fool):