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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Recent Comments

  • User AvatarT-J 30th Jul - 2:26am
    Well, I think you've allowed yourself to get swept away in the narrative. As someone studying in Edinburgh, from England, with no particular plans to...
  • User AvatarColin 30th Jul - 1:08am
    I think you are wrong. I think an independent Scotland will split England down the middle, and Northern English people will look to Scotland. As...
  • User AvatarDavid Allen 30th Jul - 12:31am
    So - we received no donations above £2000. Perhaps we received biggish donations in the £500-£1900 range. It seems reasonable to deduce that our average...
  • User AvatarTim13 30th Jul - 12:24am
    Stephen Donnelly A lot of corporate input - stalls at conference, more meals with corporate entrance fees paid etc? Reflective of the corporate wish to...
  • User AvatarAllan 29th Jul - 11:59pm
    I note you say if we want to meet our targets, I hope you also note that when the targets got set no one asked...
  • User AvatarT-J 29th Jul - 11:54pm
    @Colin 'Go, Scotland. Show us how it’s done. Give us the alternative model in the North that we can look to and be inspired by.'...