Author Archives: Will Tanner

The Independent View: Next Tuesday, the Chancellor’s greatest currency is consistency

By Will Tanner | Fri 25th November 2011 - 12:20 pm

As next week’s Autumn Statement fast approaches, the siren calls for the Chancellor to “do something” to revive growth are growing louder. Yet George Osborne must resist the 10-point plans and shopping lists of eye-catching initiatives that promise instant economic alleviation and instead hold his nerve in the face of weaker-than-expected growth.

As Reform’s new report, The long game, argues, the economic recovery was always going to be difficult. All of the evidence shows that fiscal crises originating from financial crises are protracted and severe. The levels of debt in the economy prior to the recession had reached unsustainable proportions, …