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 AvatarStephen Donnelly 21st Nov - 5:38pm
    I suggest a three dodgy tweets before you are out policy. I don't believe someone should resign for one comment, we should tolerate mistakes. Dave...
  • User AvatarPeter Hayes 21st Nov - 5:37pm
    I thought internal exile was something from Stalinist Russia.
  • User AvatarJohnTilley 21st Nov - 5:27pm
    The Birmingham Pub Bombing Forty years ago 21 people were killed when bombs were detonated at the Mulberry Bush and the Tavern in the Town...
  • User AvatarJohnTilley 21st Nov - 5:21pm
    For those who cam see the irony. Today is the 40th anniversary of the Birmingham Pub Bombing. http://www.bbc.co.uk/news/uk-england-birmingham-29936619 For those who are too young to...
  • User AvatarStephen Campbell 21st Nov - 5:13pm
    @Alain Desmier: " For me at least we shouldn’t be undermining the social contract between citizen and state by engaging in the politics of envy."...
  • User AvatarAllan 21st Nov - 5:10pm
    @ Duncan Brack Thank you I for one feel far better about that money then, I wonder if you happen to know is the Ebola...