"real terms"
Means imaginary
( CQ Knows the truth, all of it., Wed 12 May 2010, 15:53, 2 replies, latest was 16 years ago)

It means whatever they want it to mean at the time.

(PsychoChomp, Wed 12 May 2010, 15:54, Reply)

yeah, basically
But it's a useful phrase to look out for if you want to spot a lie.
( CQ Knows the truth, all of it., Wed 12 May 2010, 15:58, Reply)

Real terms is aphrase tacked to the end of points on spending
to prevent opposition parties pulling them up on the effects of inflation.
( Naked Ape call me Caitlyn, Wed 12 May 2010, 16:04, Reply)

or indeed
pointing out that they have not, in fact, spent more money on the given area, it's a term open to endless interpretation.

Edit: actually never mind, hadn't noticed who I was replying to, I'm sure you'll turn out to be right, and I shall be exposed as the godless commie that I clearly am.
( CQ Knows the truth, all of it., Wed 12 May 2010, 16:10, Reply)

Don't worry, the state can be your god

( Naked Ape call me Caitlyn, Wed 12 May 2010, 16:21, Reply)

oh, goody
then I won't have to worry my little brain hating 2 things, I can hate both together in a fabulous 2-for-1 deal, where do I sign up?
( CQ Knows the truth, all of it., Wed 12 May 2010, 16:33, Reply)