tag:blogger.com,1999:blog-4870143465614132758.post4209293641125208727..comments2023-06-25T04:43:54.742-07:00Comments on Test5 testing: KPMG and IFS give verdict on budget winners and losersPaul Walterhttp://www.blogger.com/profile/00525444717679391831noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4870143465614132758.post-26142520465964212572007-03-22T09:23:00.000-07:002007-03-22T09:23:00.000-07:00No I didn't. Blimey. Clever stuff. Both from y...No I didn't. Blimey. Clever stuff. Both from you in spotting it and, in a twisted sort of way, from Gordon for hiding it (I suppose).Paulhttp://www.blogger.com/profile/00525444717679391831noreply@blogger.comtag:blogger.com,1999:blog-4870143465614132758.post-47830246251490071972007-03-22T09:09:00.000-07:002007-03-22T09:09:00.000-07:00Did you notice, in addition, that defence spending...Did you notice, in addition, that defence spending has been cut? Even including the "additional £400m" mentioned in the Budget speech? The total "departmental spending limit" for defence remains at £40.8bn for fiscal 2007/08 (including the £400m reserve), which is the estimated outturn for 2006/07. (Detailed arithmetic plus link to Treasury numbers <a href="http://elliottjoseph.blogspot.com/2007/03/budget-small-print-defence-spending-cut.html" rel="nofollow" rel="nofollow">here</a>.)<br><br>Allowing for inflation of 2%, this means a cut in real terms of £816m. Not what was announced.Elliotthttp://www.blogger.com/profile/12576152095883676171noreply@blogger.com