5/24/2023 0 Comments Douglas adams answer to life![]() On the way down to the Public Administration Select Committee to give evidence today on the effects of the fiscal crisis on public administration I was reading the late Leo Pliatzky’s ‘The Treasury Under Mrs Thatcher’ (Pliatzky was a Treasury Mandarin back in the 1970s). Some of this change is a result of the stimulus spending package, but it is mostly the result of the collapse in private sector of the economy, especially the financial sector. And prior to the current crisis the main political parties all thought that was about where it should be. ![]() This number is the average level of public spending as a percentage of GDP in Britain over the last four and a half decades, up to but not including the current crisis.īefore the current crisis started public spending was running at almost exactly 42.5% of GDP, so round about the average. So usually, most of the time, its sort of around 43. ![]() Here, the number is 43, rounded up – well actually 42.51, but it keeps wobbling around all the time and is subject to Heisenberg’s Uncertainty Principle. It turns out however that this number may be subject to localised quantum relativity effects – specifically on an insignificant island off the north-west coast of Europe, a continent on a small blue planet in an unfashionable part of the galaxy. According to the supercomputer Deep Thought the answer to the question of life, the universe and everything was 42 (in Douglas Adam’s Hitchhikers Guide to the Galaxy). ![]()
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