British Prime Minister Gordon Brown is likely to announce tomorrow the long-awaited general election. But in the run-up none of the major parties are prepared to tell the truth about the scale of the cuts in public expenditure that will be needed to stave off national bankruptcy. All the parties are careful to avoid announcing any numbers – how much will have to be cut from public spending, how many jobs will have to be lost from Britain’s bloated public sector, how high taxes may have to be raised and what the balance should be between spending cuts and tax hikes, if Britain is going to secure the economic growth it needs to get out from under mounting debts.
Cutting public expenditure substantially is the only way forward. But where and by how much? Labour politicians on the whole avoid the word “cuts” and prefer to talk about public investment. Conservative leader David Cameron and Osborne have followed their Labour counterparts and promised to ring-fence health care, defense and Britain’s overseas aid budget. In fact, Labour goes even further and the Prime Minister has insisted that all “front-line” services – education, the National Health Service and the police – will be unaffected, if he is re-elected.