Spending Review: Osborne to take 10 years to simply get back to 2007/08

Considering the government likes to throw every question they are asked in the chamber back at Labour - i.e. "we're clearing up the mess left by the last government" - it's strange how, going by the projections released along with today's spending review, it's going to take until 2017/18 for the Tories to be back where the Labour government was in 2007-2008.

Going by the projections released along with today’s spending review, it’s going to take until 2017/18 for the Tories to be back where the Labour government was in 2007-2008.

This raises an important question: If the last Labour government was so atrocious, and spending so out of control, why is it going to take 10 years for total managed expenditure as a percentage of GDP to get back to where it was before the financial crisis hit?

Could it be that, rather than Labour spending being out of control, it was actually the global financial crisis which caused spending as a percentage of GDP to rise?

If not, then, as I say, why does it take 10 years for the Tories simply to get the country back to the position it was in under Labour in 2007/08?

If Labour spending was really out of control in ’07/’08 under Labour, how on earth can it be considered a success by George Osborne to be in the same position 10 years later?

Click graph to zoom

GDP new graph

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