8% in real or cash terms?

S

Snoreador

Guest
#1
One thing which I haven't had a chance to figure out yet (drawing up the will to look at the figures in detail...) is if the 8% cut is in cash, or inflation-adjusted terms. For example, the science research budget has been given flat-cash settlement, which the govt. can claim is not a cut, but in real terms will equate to about a 10% cut over the CSR period.

What I'm wondering is if the 8% defence cut is actually more like 18% in real terms. Not that it makes any difference to the capability / people / equipment that we're waving goodbye to, but I'd be interested to know how weasely they're being with the numbers.
 
#2
Cameron gave the answer to this in the first 60 seconds of his speech.
 
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