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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  • User AvatarSimon McGrath 30th Jan - 12:00pm
    @John Tilley "It is obvious that the rightwing press are drip-feeding nonsense about the NHS . As Dr Royce says in her article — ”...
  • User AvatarDenis Mollison 30th Jan - 11:54am
    Stephen - I've not tried predicting 2015 results under STV; they'd depend heavily on how voters would react, with UKIP and Green support presumably less...
  • User AvatarMatthew Huntbach 30th Jan - 11:49am
    Caron Lindsay Of course I do. I am not, however, that happy about Nick’s rather melodramatic description of what he was doing as “Taking money...
  • User AvatarTony Greaves 30th Jan - 11:41am
    I have not seen any of these things - I try not to see them in order to stay reasonably sane. All the parties have...
  • User AvatarDav 30th Jan - 11:37am
    More than that, they send a clear message that we aren’t a party ruled from the top down, we’re an active and growing party in...
  • User AvatarMatthew Huntbach 30th Jan - 11:31am
    Sam Phripp More than that, they send a clear message that we aren’t a party ruled from the top down, we’re an active and growing...