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-1 23rd May - 5:03am
    @Peter: It is no longer possible for the UK to remain in the EU. An Article 50 notification was submitted and the clock is ticking....
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    Voted leave, Never paid any attention to the battle bus. The whole thing is blown out of proportion by people who wanted a different result...
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    We are I'm afraid living in the world of demagogues Demagogues have appeared in democracies since ancient Athens. They exploit a fundamental weakness in democracy:...
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    @Phil Beesley: Apart from the Oxford Dictionary https://en.oxforddictionaries.com/definition/delegitimize
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    The most recent poll by ICM (which shows Lib Dems on 9%) (https://www.icmunlimited.com/wp-content/uploads/2017/05/2017_guardian_poll_campaign7_may17.pdf), with all of the usual caveats about digging too deeply into a...
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    "If they reject it, the default position is that the UK remains in the EU." I hadn't read that. It is not for the UK...