As a Country, our GDP is flat lining yet people demand above inflation pay rises. UK productivity is lower than many comparable countries. Approvals for PIP are increasing at a rate of 2% every 3 months (with a high proportion of new applications for mental conditions) and we have a growing number of retirees adding to the State Welfare burden.
Despite the fact that the Government is committed to increasing Defence spending, we do not have the money to pay for it even though we are fighting a proxy War on mainland Europe. Could we defend London against a drone or missile attack, the answer is an emphatic ‘No’. As one Admiral said recently, we might be able to moor one Air Defence Type 42 destroyer in The Thames.
Putting it bluntly, we are living beyond our means. The Government knows this, and I suspect most MPs know this as well: that said, they cannot bring themselves to vote for welfare cuts as they know this will not win them any votes.
A few faded road signs is my view the least of our problems.
As Bumble Lloyd would say ‘I’ll start the car’.