Tag Archives: fiscal multiplier

Stephen Tall

5 points on Clegg’s admission that Coalition was wrong to cut capital spending

By Stephen Tall | Fri 25th January 2013 - 8:40 am

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

  • Simon Robinson
    This is a very good article in terms of highlighting the dilemma facing any chancellor. There are few good ways to raise money, and endless demands to spend mor...
  • Tony Vickers
    I had expected Sir Vince to mention Land Value Tax as Honorary President of ALTER. Especially because the PM is a fan of the idea and there’s no “red line�...
  • David Blake
    I agree with much of what Richard Cripps says - and I've been a member for 54 years. If I wasn't already a member I'm not sure that what the party has become w...
  • Richard Dickson
    Thanks for this. Kindness - to people, businesses, whole communities, our environment and to nature, to our past, present and future - requires us also to be br...
  • Richard Cripps
    I've been a Lib/Lib Dem voter for 50 years. However, I'm finding it more and more difficult to justify this to friends and family (snd sometimes even myself) as...