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 AvatarStephen Campbell 23rd Aug - 5:39pm
    Totally with @simon F on this one. Some posts on this thread are not only sadly funny, but quite telling. @AC Trussell says: "It would...
  • User AvatarNicholas Pentney 23rd Aug - 5:35pm
    g 'Can you point to any action Hamas have taken that is inconsistent with this part of their charter?' Yes. There are many. Perhaps most...
  • User AvatarNick Collins 23rd Aug - 5:34pm
    Another derisory result for the concept of directly elected PCCs; one of many of this government's so-called "reforms" which the public did not want and...
  • User AvatarCatherine 23rd Aug - 5:33pm
    Thank you, Mark. An excellent article . "And, if the processes have failed, rather than delivering an outcome you don’t like (not always the same...
  • User AvatarEddie Sammon 23rd Aug - 5:09pm
    I thought this was a good article, but I am disappointed by Callum Leslie's comment that replicates the basic argument of a large number of...
  • User Avatarg 23rd Aug - 4:57pm
    Sarah Noble <The charter of Hamas is a thought-terminating distraction from the real issue. It doesn’t necessarily translate to what their actual political goals are....