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

Posted in News | Also tagged , , , , , , , and | 45 Comments
Advert



Recent Comments

  • User AvatarMichael Cole 24th Apr - 12:01pm
    @David Raw: It is illuminating to know that you form your political opinions on the basis of advice from your four year old grandson. Now...
  • User AvatarMichael Cole 24th Apr - 11:52am
    Yes David. Events do seem to be moving our way. Despite our small number of MPs, it is the Liberal Democrats that Theresa really fears....
  • User AvatarDavid Raw 24th Apr - 11:42am
    @ Michael Cole. "We need not apologise for the coalition." As my four year old grandson often says on many topics , 'I don't think...
  • User AvatarMichael Cole 24th Apr - 11:42am
    Stephen Breban: Hear, Hear. Obviously resources are finite, but Stephen's post is worth repeating: "Target list? That sounds like a defeatist approach. Target the whole...
  • User AvatarDavid Becket 24th Apr - 11:41am
    Yes Michael The Tories inherited a stable government in 2015, they ditched us and took the country into a chaotic mess, assisted by the weakest...
  • User AvatarBill Le Breton 24th Apr - 11:36am
    My great worry is that someone who calls for a 'progressive alliance' now, and has a very good chance of winning, will be quick to...