John Hemming's Web Log John's Reference Website
Saturday, February 19, 2005
  Brownian Motion
So, Gordon Brown has decided that money spent filling in potholes is a Capital payment.

Similarly the subsidy to rail travel is also a capital payment.

What it really means is that he has actually given up on his "Golden Rule". He is fiddling so many of the figures that he is now falling back on the debt as proportion of GDP calculation.

None of these statistical changes make any difference to the real world. What they mean is that Gordon Brown is to be as trusted as Tony Blair. (ie not trusted).

I don't have a proper source of information for these figures, but I believe that the roads figure is £2.7bn pa and the rail subsidy is £6bn (don't know over how many years).

I am still more concerned about Labour fiddling the elections than I am concerned about Labour fiddling the books.
 
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