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Money is never something governments "have." They collect and spend, not necessarily in that order.

Accordingly, "their" costs inevitably exceed revenue. It is obvious they're spending more than ever.

Correct, and the Conservative governemnt have done a stellar job of taxing, cutting, and stealth-taxing the public sector who all voted Labour 1997-2010 for their own benefit to get annual 15% pay increases. Just look at Leeds area who were predominantly Labour hotbed who were clearly punished by the Tories and had their HS2 train route cancelled, and have been cut more than most areas. If you are a Labour borough 1997-2010+ you are going to receive the biggest cuts and least support from the Tories, likewise under Labour 1997-2010 Tory boroughs were slammed too.

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