So, great news, the UK public borrowing has finally reached the point where, though still in deficit, public borrowing is growing at less than the rate of inflation times GDP growth - i.e. the share of debt is finally falling. As an aside, it is so good to see that much of this benefit is from big jumps in corporate tax, paying far more as rates have been reduced in a real life laffer curve example.
So, building on Mr. Drew's post of yesterday, what should the Government increase spending on? The NHS, already eating a huge amount of government spending, has already been promised more money. There will be a contingency for Brexit too no doubt, given the Chancellor is a complete eyeore on the subject.
But, for the few pennies left over what is in most urgent need of more central funding. If Labour come to power, the splashing of loot all over the place will mean no priorities at all and the rather pleasing graph above will head back northwards once more. But, for the next 4 years, what should the focus be?
Home Office - crime fighting, law and immigration
Education - more schools and teachers or early learning (even to restore the EMA), student loan reductions
Trade and Industry - an industrial policy, or space
Infrastructure - renewal or roads and large water/power projects or social housing projects
Local Government - starved of revenues the most due to austerity
Defence - especially against cyber and counter-terrorism
So many choices and so little extra money, it needs to be spent wisely and with a view to helping those who may choose to vote Tory at some point. To me this means perhaps something on student loans and also law and order. Student loans have proved fatal for the Lib Dems and if the Tories ignore it perhaps they will catch a cold too. Law and Order is crucial to an advanced civilisation, failure to both control crime, administer justice and control the borders is on a par with failing to have an army to defend the realm. For me these would be the most propitious, but what do I know - far more interested in what you think in the comments