In this mornings Times Vince Cable MP said.
I fear that a lot of bad news about the public finances has been hidden and stored up for the new government. The skeletons are starting to fall out of the cupboard.
So the propaganda has already started; we will be able to somehow wriggle out of taking any responsibility for the UK’s massive public debt and the painful measures we are going to have to take by simply blaming ‘those big boys over there’
The thrust of the article is that Labour had hidden contracts from view, signed up for contracts just before the election to create a scorched earth that would make the Election winners incredibly unpopular and consign them to the electoral dustbin the next time.
Billions of pounds in public money was committed in the run-up to the election campaign in a deliberate strategy to boost Labour’s chances at the ballot box and sabotage the next government.
It goes on to list a number of these scorched earth contracts
The article then lists some of these so called ‘black holes’
The “black holes” that ministers have already unearthed include:
- A series of defence contracts signed shortly before the election, including a £13 billion tanker aircraft programme whose cost has “astonished and baffled” ministers.
In our Future Defence Review we looked at it in a bit more detail and wondered if a straightforward purchase or availability contract was the more sensible solution to provide a cost effective and more relevant capability than what is actually being provided. What is being provided is a massive leap forward compared with the ‘held together with blood, sweat and tears’ solution that we have now but it will still be short in many areas.
It might be cheap because we can spread the cost out over the 27 year term, but it is definitely not value for money.
Liam Fox MP, now Secretary of State for Defence recently stated it was
one of the most absurd procurement decisions taken by this Labour government
I happen to agree with Mr Fox, but to say it has been unearthed is rather ridiculous.
Or would that perhaps be a deliberate act from tricky politicians.