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 Avatarnvelope2003 21st Dec - 7:06pm
    In a normal sale of shares the money would have been remitted to the seller, in this case the Government, which is what happened. The...
  • User AvatarGlenn 21st Dec - 7:03pm
    It was always a mistake to think it was one referendum and then over for a generation. The SNP are the single biggest party in...
  • User AvatarSuzanne fletcher 21st Dec - 6:53pm
    Not saying a lot as on "Sick leave" right now, but will say Thanks for starting the debate again. A lot of what I would...
  • User Avatarcrewegwyn 21st Dec - 6:37pm
    simon, Have you actually read even the summary of the report?
  • User AvatarCaron Lindsay 21st Dec - 6:36pm
    Hireton, have you actually read the Smith Commission report? If you had you would see that Scots will have a whole load more control over...
  • User AvatarRichard 21st Dec - 5:38pm
    Good universities have always been international. Non-EU students contribute at least £7bn to our balance of payments. Unemployment is coming down rapidly and skills shortages...