Many years ago I met my friend for the first time after leaving school. I had gone to university and he had gone straight out to find a job. I asked him what he was doing now and he replied "Creative Accountancy". An ordinary accountant, it seemed, did the more mundane monetary tasks, while a Creative Accountant was ....... well ...... more creative. It seemed to me just like a new or more polite term for "fiddling the figures".
Well those currently in office at the Treasury must be well qualified in Creative Accountancy. They have invented a new term to make a large reduction in grant sound like a reduction of less than half the real amount! The trouble is, as no one has heard of this term before, they have to explain it, and once they have done that it becomes obvious to all what a devious brood they all are.
The executives of Follyville have just been told what their government grant will be next year. It would appear that the grant for 2011-12 has been reduced by 6% (as a percentage of "Revenue Spending Power"). On enquiry, this new term is explained as "the government grant + the amount of Council Tax they are expected to collect". You don't need to be very qualified in maths to realise that they are "fiddling the figures" on a massive scale to try and hide the fact that the real reduction in grant is actually 15.5%. No wonder politicians get a bad name!
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