Yesterday the IFS set out a bleaker view for the economy and public finances in its Green Budget, which is published every year in the run-up to the Chancellor’s Budget Statement. Given the gloomy projections, let’s hope the government takes note, especially with regard to the fiscal mandate….Read more…
OBR wrong to continue absolving Osborne’s polices for a deficit now 3x larger than planned
TUC has argued that the economy and public finances were derailed over the coalition years because government spending cuts had a larger-than-expected impact on the wider economy (see e.g. blog, paper). Earlier this week the Office for Budget Responsib…Read more…
Phoney Deficit Mania
Since the publication of the Con Dem Autumn Statement a new reverse paradigm has been introduced into the economic debate in Britain – cutting the deficit versus borrowing. Self serving Tory…Read more…