Daily Telegraph online have released information which shows that government is spending; spending; spending its way out of the credit crunch. However, it is not on new house building, railways or renewable energy – believe it or not they are wasting our money on advertising campaigns.
The Government spent £158m on advertising from January to November and it is understood to have continued spending for the remainder of the year. Apparently the last time they spent more than this was in 2001, an election year. I just wonder if this is a cunning strategy, and will the advertising increase prior to June, but I better not start any election speculation.
While the government has massively increased their advertising budget major companies have drastically cut back on their budgets.
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