Years of austerity 'have left UK with same level of public spending as it had 10 years ago' says IFS | The Independent
Back to square one.
It found public spending as a share of national income was at a similar level both now and shortly before the financial crash, an event David Cameron and George Osborne claimed Labour overspending left the country ill-prepared for.
In 2007-08, public spending as a share of GDP was 39 per cent, it peaked in 2009-10 at 45.1 per cent and is forecast to be 39.6 per cent this year, according to the IFS.
In 2007-08, public spending as a share of GDP was 39 per cent, it peaked in 2009-10 at 45.1 per cent and is forecast to be 39.6 per cent this year, according to the IFS.
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