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 AvatarFiona 6th Dec - 7:45pm
    @Guy, are you aware that UKIP, like the Tories, decided not to stand so they could support Goldsmith? They did it long before the Greens...
  • User AvatarMartin 6th Dec - 7:33pm
    Dunne: Read Hume on miracles.
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    I was going to make a donation, but the data required and presumed consents associated with the dd form put me off. Paypal would be...
  • User AvatarMike S 6th Dec - 7:28pm
    @John Peters Bit harsh John. Think many supporters of the Lib Dem's - me included, don't think this way at all, in fact very much...
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    The very fact that the Greens decided to stand down without taking a bung, suggests this is a red-herring. I think it made absolute sense...
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    Martin To avoid solicitors letters dropping through your letterbox,.. on foolish comments like "it is more likely that Guido was offered a bung to concoct...