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 AvatarSteve Coltman 1st Oct - 11:07am
    Fair comment I think, but there is one area where nothing can replace the state, and that is in the military sphere. Even here of...
  • User AvatarTim13 1st Oct - 11:01am
    We have to be inordinately careful with this. We have not yet abandoned as a party our model of an "elected representative democracy", but some...
  • User Avatarcherry Philips (Ziby 1st Oct - 10:55am
    Nicely worded prose. Throws open challenges that require a forward thinking attitude with a steadfast approach that involves putting aside inter-party politics and sprucing up...
  • User AvatarCaracatus 1st Oct - 10:32am
    In the second Gulf war we destroyed the infrastructure of Iraq - has it been rebuilt?
  • User AvatarJohnTilley 1st Oct - 9:42am
    Irony ???? Liberal Democrats enthusing about the "right to be forgotten" ???? 94% of voters have already forgtten us.
  • User AvatarJack 1st Oct - 9:26am
    @johnmc: "Even at ‘only’ £23,000 that cap would equate to take home pay for a worker on a salary of maybe £32,000." This is typically...