This question was put to one of Britain's leading politicians this week. Who do you think was answering the question? I'll post the answer at 10pm.
Q. Is there a figure for spending as a %age of GDP which you would regard as roughly about right – 35/40/45/50%?
A. Where we are able to find savings in public spending we should look to use those savings to cut tax for the most needy rather than simply allocating the savings to other public spending projects. Families are struggling in the current economic environment, and I’m determined to cut taxes for low and middle income earners.
And the answer is ... cue drumroll ... Mr Nick Clegg! I must say I like the sound of this answer a little better than the 'sharing the proceeds of growth' mantra.
Hattip Spectator Coffee House.