Tag Archives: fiscal multiplier

5 points on Clegg’s admission that Coalition was wrong to cut capital spending

Nick Clegg in DublinNick Clegg has sparked a flurry of excitement with his admission in an interview for The House magazine that the Coalition cut capital spending ‘too far, too fast’ to coin a phrase. Here’s what he said to Paul Waugh and Sam Macrory:

“If I’m going to be sort of self-critical, there was this reduction in capital spending when we came into the Coalition Government. I think we comforted ourselves at the time that it was actually no more than what Alistair Darling spelt out

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Recent Comments

  • User AvatarSue Sutherland 2nd May - 1:05pm
    I agree with David Allen but with the addition that Tim was elected by the members to provide a clear change from the previous leaders...
  • User AvatarEddie Sammon 2nd May - 12:32pm
    Sorry, just some fact correction (and more information) to my first post: It was three Alawite lorry drivers who were executed - often referred to...
  • User AvatarStuart 2nd May - 12:30pm
    If you wish to avoid "poor choices of words", you could make a start by avoiding use of the word "crusade" - a highly inaccurate...
  • User AvatarTim Oliver 2nd May - 11:32am
    "I am as outraged at anyone else at the recent decision to go along with David Cameron and the self-styled ‘International Community’s’ self-serving crusade in...
  • User AvatarEddie Sammon 2nd May - 11:25am
    It's entirely possible to be pro helping refugees and have an interventionist foreign policy. Non-intervention has hardly been great for Syria's population being bombed and...
  • User AvatarJennie 2nd May - 10:28am
    Thank you for this, Holly.