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 Avatarstuart moran 1st Nov - 6:36am
    sesenco Why is that the most 'telling observation' ?- personally I think the most telling observation is that the governing party has had an MP...
  • User AvatarDavid-1 1st Nov - 2:08am
    Paul Barker will be surprised; ostensibly, at any rate.
  • User AvatarT-J 1st Nov - 12:58am
    Sorry, David, I thought I was responding to anecdotes of your experience of LibDem internal politicking with anecdotes of my experience of the Greens. Having...
  • User Avatarmalc 1st Nov - 12:01am
    The bookies now have the LibDems at odds on - 5/6 - to get less than 25 seats at the next GE - I doubt...
  • User AvatarSesenco 31st Oct - 11:55pm
    For me, the most telling observation about the Rochester & Strood byelection thus far is that Labour, if it is to form the next government,...
  • User Avatarmalc 31st Oct - 11:47pm
    The best odds on the parties to win Rochester: UKIP 1/11 Tories 10/1 Labour 80/1 Greens 500/1 Britain First 750/1 LibDems 1000/1