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 AvatarEddie Sammon 28th Oct - 6:44pm
    Alistair, I do have an idea. WTO terms mean approximately 10% import tariffs so if it is to compensate a 5% reduction in demand for...
  • User AvatarAlistair 28th Oct - 6:38pm
    Eddie - what are you talking about when you say "it might be expensive"? You have no idea how much May's promise to Nissan will...
  • User AvatarJohn Peters 28th Oct - 3:49pm
    @AndrewR That sort of ignorance explains why people vote Lib Dem!
  • User Avatarexpats 28th Oct - 3:49pm
    No money; no 'sweetheart deal'....Oh, dear.... Nissan was THE test case of 'Brexit'....Do you really believe that, even if a blank-cheque had been left on...
  • User AvatarLorenzo Cherin 28th Oct - 3:33pm
    Leon, well done . I too, have been thinking about this. My feeling is we also need a new campaign of celebration of Jewish culture...
  • User AvatarAndrewR 28th Oct - 3:18pm
    - John Peters The fall in the pound has cost us more than our total EU contributions over the last 40 years. Prices are already...