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

Posted in News | Also tagged , , , , , , , and | 45 Comments
Advert



Recent Comments

  • User AvatarStevan Rose 26th Aug - 1:33am
    "though I wasn’t a member during the (alleged) destruction of the party." Me neither, left the Liberals in the early 80s, rejoined Lib Dems in...
  • User AvatarLorenzo Cherin 26th Aug - 1:05am
    Barry does say some things above in response to Matthew, that must be said , if the left of our party are ever going to...
  • User AvatarLorenzo Cherin 26th Aug - 12:05am
    Caron, thank you , yes , of course what you say makes sense on the Tories UK wide and in the rest of the countries...
  • User AvatarJohn Roffey 25th Aug - 11:56pm
    Barry Snelson 25th Aug '16 - 11:16pm "As to the view that market forces are the work of Satan, well that’s a pity as the...
  • User AvatarCaron Lindsay 25th Aug - 11:54pm
    Lorenzo, Ruth Davidson did well up here by decoupling herself almost completely from the Conservatives down south. I don't think she'll get away with that...
  • User AvatarSimon Shaw 25th Aug - 11:52pm
    @Dave Orbison "So please point me to the articles in Guardian, Indy, Telegraph or others where the official LibDem response has been made and where...