Tag Archives: debt

Peter Martin

Reducing the Government’s Deficit is not the same as reducing the UK’s Deficit.


By Peter Martin | Wed 6th April 2016 - 9:45 am

Now that the immediate fuss over the recent Budget has died down a little it is perhaps time for some more considered reflection on the nature of any criticism on the failure of the government, and George Osborne in particular, to make anywhere near the progress promised on the question of cutting the budget deficit. Maybe we can get it right for the next time it hits the headlines. The deficit problem is not going to be solved any time soon.

Naturally, the duty of an opposition is to constructively oppose, and so if the government’s deficit does not fall and total debt does rise, when the Government has a clear policy for just the opposite, then the Lib Dems, together with the other left of centre opposition parties, need to point out the failure of that policy. However, we need to be careful. That argument can be easily turned around. So we are in favour of even higher taxes and even more drastic cuts in public spending, are we? And when we say we are not, how does that chime with the public? Will they accept we are really being constructive? Aren’t they just going to think we want it both ways?

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