Osborne's latest attempt to kick start the economy will cost £100 billion. These huge numbers fly about in the columns of Newspapers, but few of us really comprehend them. What does £100 billion mean in tangible terms.
During the fiscal year ending in 2011, the NHS cost £100 billion. The education budget was less; some £58 billion, while defence expenditure was just £37 billion. So, £100 billion is really big number.
Notwithstanding Osborne's excitable language about firepower and kick-starting the economy, we have to wonder where this cash will really go. I have a sneaky feeling it will end up supporting the balance sheets of banks. Ultimately, it will leak out as bonuses to bankers.
We know it; they know it; they know that we know it; we know that they know we know it. Everyone has full information. No one is keeping any secrets here.
Yet somehow, nothing ever changes.....