Oh, no - wait:
What - you mean the decade of local government targets led to endless wasteful spending on projects that were of no use to anyone but which met a Whitehall target, and therefore qualified someone for a positive employee appraisal?
But then, we would be stuck with a £1trn debt which we had to pay off, for which all we had were cycle lanes that were too narrow to cycle in and too short to have been any use even if they had been wide enough... oh,...
(Hat tip to www.cyclestreets.net. Do read their site, but not just after paying a tax bill)