The sheer gall of Labour in using our own money to bribe us for votes with costly consequences is set out in the leaked Treasury proposals:
But there are lots of other figures among these forecasts that are equally
jaw-dropping. The figures show, for example, that interest repayments on the
national debt are set to rise from £27.2billion during the current financial
year to £63.7billion in 2013-14.
To put this into context: that is more than the combined budget for both defence and transport during the current financial year, which gives you some idea of the extent to which the Government is going to have to borrow in coming years to make up the difference between what it spends and what it rakes in from taxation.