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 AvatarDavid Evans 24th Apr - 3:59am
    Austin, It is very loyal of you to take the bullet for others, but you do not explain how several key questions, vital in assessing...
  • User AvatarDavid Evans 24th Apr - 3:58am
    Austin, It is very loyal of you to take the bullet for others, but you do not explain how several key questions, vital in assessing...
  • User Avatarmalc 24th Apr - 1:18am
    Mathew Hunchbach " It is not possible to support some item of government expenditure without also supporting some balancing way of paying for it." I...
  • User AvatarDavid-1 24th Apr - 12:46am
    @Matthew Huntbach: "The idea that a junior coalition partner very much smaller than the senior one can dominate the agenda of the coalition is nonsense,...
  • User AvatarCarlQ 24th Apr - 12:04am
    I think some people may have missed the point where Austin said he was happy for feedback. Repeating the same points again in a slightly...
  • User AvatarPsi 23rd Apr - 11:54pm
    Jayne Mansfield “One of the arguments most often put forward by people who I overhear saying they intend to vote UKIP is the anger that...