Hi shipmates , Are government spending cuts working? Mr G Osbourne spent £300 million less last year, small drop in the bucket ? The City of london quote, at that rate, it will take 500 years before the U.K. sees any black type on the books £ 120 .6bn in debt per year is a big lump to pay back? I dont think any cuts will work no matter how deep and wide, our debts are set to double in 5 years time no matter what any government will tell us not £120bn but £240bn some thing to do with mathmatics? and the government borrows too much from The bankers and spending our tax money they dont have, on things they cant afford.repeat the U.K. plc is broke The government credit card is max out.