[Gayle]

It's a bit of a vague question as public spending covers so many areas. There are areas where it should be increased - investment in small businesses, investment in creativity, education etc, as these are long-term ways out of the recession.

However, when it comes to things like the Olympics, then clearly they need to clamp down on spending our money.

Unfortunately, as costs for the Olympics sky rocket, I fear that all the other areas will suffer.