What I'm not saying is that all government spending is bad. It's not – far far from it but there is no free lunch as a former colleague of mine used to say. There is no public tooth fairy. Father Christmas does not work on the Treasury staff this year. You can never bail someone out of trouble without putting someone else into trouble.

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What I'm not saying is that all government spending is bad. It's not – far far from it but there is no free lunch as a former colleague of mine used to say. There is no public tooth fairy. Father Christmas does not work on the Treasury staff this year. You can never bail someone out of trouble without putting someone else into trouble.

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