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 AvatarP Benson 16th Apr - 7:42pm
    How anyone can be proud to work with IDS is beyond me.The man who has wasted a fortune on a unworkable UC.His WP is next...
  • User AvatarJoeBourke 16th Apr - 7:35pm
    There is a relatively simply way of delivering £2500 financial support to university students, apprentices and others undertaking FE or skills training i.e. a universal...
  • User Avatarg 16th Apr - 7:23pm
    JohnTilly, I suspect Michael White is referring to the various stories that have appeared on the news website Exaro. This is run by an ex-Guardian...
  • User AvatarRC 16th Apr - 7:23pm
    @ Malc "Not all of us had the advantage of higher education" A decent school teaches pupils to use apostrophes properly by the age of...
  • User AvatarJayne Mansfield 16th Apr - 7:21pm
    @ Simon Shaw, Clearly we are approaching this from different angles. I am approaching from the angle of a voter who believed that the politicians...
  • User Avatarmalc 16th Apr - 7:12pm
    RC: "And why can’t some people who are apparently obsessed about higher education use apostrophes correctly?" Not all of us had the advantage of higher...