« The G20 summit | Main | Financial Times, Letter to the Editor - A frank exchange over cocoa beans »

16 July 2010

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Jonathan Eley

The "Geddes Axe" fell short of its objectives because the government (a Con-Lib coalition similar to today's) ran out of bottle. Geddes had an easy target, too: the UK had just spent fortunes on a war, and in particular on vastly expensive battleships. He argued that naval spending should be cut hard since the next war would be fought in the air. Such a proposal was deeply controversial just a few years after Jutland. Similarly, today's easy target - the NHS, which has benefited from huge largesse over the past decade - has been unwisely 'ring-fenced'.

The comments to this entry are closed.