On 01/11/2017 09:31, Nightjar wrote:
However, even £363 million a week is less than 1% of GDP. Government
spending runs at around 40% of GDP and was 48% of GDP before we joined
the EEC.
When and on what measure was it more than 48 per cent before 1973?
I wasn't aware of the total exceeding 44 per cent in the 25 years before
we joined in 1973. It did exceed 48 percent in 1975/76 - the year of
the "EEC referendum". Followed (if not the cause of) Jim Callaghan's
government having to go cap in hand to the IMF in 1976
--
Robin
reply-to address is (intended to be) valid