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Tag Archives: fiscal multiplier

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 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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Posted in News | Also tagged building schools for the future, deficit reduction, featured, imf, jonathan portes, nick clegg, paul waugh, sam macrory and the house magazine | 45 Comments

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