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Burning Our Money [Paperback]

Mike Denham
4.6 out of 5 stars  See all reviews (11 customer reviews)
RRP: £12.99
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Book Description

17 Jan 2013
By its own account, Britain s public sector faces a squeeze of biblical proportions. Long years of austerity will consume our public services. Schools will close and hospital waiting lists will grow. Public spending, it is said, cannot be cut without undermining our future prosperity and inflicting brutal punishment on the most vulnerable in society. We must stop the cuts. Hard-pressed public services and the welfare state must be protected, even if it means higher taxes and higher government borrowing. In this book Denham goes through the claims made to support high government spending, and takes a close look at how well they re actually delivered. Among other things, Denham finds out if more education spending really does pay off in terms of higher growth. If more health spending really has made the NHS the envy of the world. And if more welfare spending really can make poverty history. His priority is to dig out the facts. For far too long society has accepted the growth of government spending based on little more than broad assertions of its benefit. That s no longer good enough.

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Product details

  • Paperback: 256 pages
  • Publisher: Biteback (17 Jan 2013)
  • Language: English
  • ISBN-10: 1849541868
  • ISBN-13: 978-1849541862
  • Product Dimensions: 21.3 x 13.5 x 2.8 cm
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (11 customer reviews)
  • Amazon Bestsellers Rank: 170,020 in Books (See Top 100 in Books)

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Product Description

About the Author

MIKE DENHAM is an economist and former city fund manager. He writes the Burning Our Money blog, which scrutinises the use and misuse of taxpayer funds. Westminster

Customer Reviews

4.6 out of 5 stars
4.6 out of 5 stars
Most Helpful Customer Reviews
7 of 7 people found the following review helpful
5.0 out of 5 stars Essential reading 3 Mar 2013
Format:Paperback|Verified Purchase
Mike Denham is a highly experienced economist, having worked in both the public (the Treasury) and private sectors. For many years he had the leading economic blog in the UK, also entitled "Burning our Money". He has been 'on leave' from the blog to write this similarly entitled book. The gestation period has been long, but it's been worth the wait. Let's face it, to the uninitiated, economics is an impenetrable, often dull, discipline, practiced by people who were either born impenetrable and dull, or rapidly became so as they submerged themselves in Laffer curves and fiscal drag. Whatever that jargon may mean. Mike Denham achieves the near impossible of making the subject both understandable and even, at times, funny. This book is an easy read, but do not be deceived by the Denham light-touch. The underlying message is horrifying. We delegate control of the nation's income and expenditure to a group of politicians who, between elections, are answerable to no one. If expenditure rises - and it always does - then either taxes must rise or borrowing (aka taxing your children and their children) must rise. Usually both rise. As we are spending all this money, we have the right to ask some questions of those who are spending it on our behalf. Why is our beloved NHS failing? Why can the French and Germans treat cancer better than we do? GCSE and A level results seem to go from strength to strength so why are our children not as well educated as Chinese children? Why are the governments of the US, Japan, Australia and Switzerland twenty-percent more efficient than ours? Do we care? Most of us do not understand the significance of these figures. Throughout Burning our Money, Mike Denham translates these arcane economic facts into everyday language that we can all understand. Read more ›
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2 of 2 people found the following review helpful
4.0 out of 5 stars A dry but eye opening read 29 Jun 2013
By A. Owen
Format:Paperback|Verified Purchase
If your blood boils easily don't read this! It sets out a damning indictment of how politicians and bureaucrats waste so much of our money. It can't be claimed that it is an easy read, like a well written novel, but it will make you think very carefully about how the country is run. You won't be very happy with your thoughts and will wonder how everyone continues to put up with such incompetence!

If you like your reading to be thought provoking rather than for relaxation this book can be strongly recommended.
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1 of 1 people found the following review helpful
5.0 out of 5 stars revealing to say the very least 12 Nov 2013
Format:Kindle Edition|Verified Purchase
When I got part way through the book I thought that much of what the author claimed surely must be exaggerated! After I googled him and found that he has the level of experience and expertise to fully back up his claims I read it in a new light. The book is well written and makes some very substantial claims about how our politicians, of all hues, consistently get things wrong at a massive cost for everyone. My view is that every tax payer in the land should read it, and that our political leaders should be made to respond to the shocking details of waste and incompetence. To a degree Mike Denham sets out an agenda for change which is very persuasive, but, given the way politics works in this country, there is very little chance of anything actually happening except the usual spin and broken promises. However, if every taxpayer was to read this book, and understand the shambles we are in, perhaps there would be a chance!
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1 of 1 people found the following review helpful
5.0 out of 5 stars A "Must read" before the next General Election 5 Jun 2013
Format:Paperback|Verified Purchase
What horrors Mike Denham has lined up for you, the reader.
I swallowed the book and could find nothing but parallels to the current Danish situation (from a layman's point of view and background).
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3 of 4 people found the following review helpful
Format:Kindle Edition
His fundamental analysis is probably correct, but no politician is EVER going to implement the required solutions. And the public are like turkeys who will never vote for Christmas. We're going to hell in a handcart and there's not a lot we can do about it, apart from moving to one of the 'better-run' economies.

It would have been a better read if he'd stuck to the excellent analysis of where we are and how we get out of the mess. There are too many selective rants about the unions and The Dear Leader Gordon Brown without similar rants about how banking deregulation (started under The Great Leader Margaret Thatcher and further promoted by George Osborne in opposition) has left the taxpayer with further incalculable liabilities. Selective Amnesia?

I would recommend this to anyone who knows that we cannot go on as we are, but who is happy to accept that change will never happen. Riots in the street a la Athens by 2030? Don't bet against it, though you will be retiring at 70 by then... that's one change they will sneak in under cover of a war or other crisis.
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5.0 out of 5 stars tax being wasted 13 July 2014
Format:Paperback|Verified Purchase
great book
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