£120billion of your money down the drain EVERY year: The astonishing Whitehall waste that could send every British family on an annual luxury holiday...

Wasteful spending by the public sector on useless projects costs every British household £4,500 a year - enough to 'buy a luxury holiday for every family', a pressure group has claimed.

The TaxPayers’ Alliance has identified cuts that it says could save about £120billion – effectively wiping out the UK’s budget deficit – without ‘closing a single hospital, firing a single teacher or disbanding a single regiment’.

The organisation has collated a list of ‘ludicrous examples of wasteful spending’ – including the Ministry of Defence paying £22 for a light bulb and the Arts Council squandering £95,000 on an installation comprising a skip covered in yellow lights.

Some £19,000 was spent by Cotswold District Council on hiring a ‘motivational magician’ to boost staff morale, while Labour-run Durham Council gave chiefs a £12,000 clothing allowance, which Prime Minister David Cameron derided as ‘Geordie Armani’. Full story...

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