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

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    Usain Bolt supports Lewis Hamilton, who also gets a handshake from Bill Clinton. At the end of a Formula race they play the national anthem....
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    Caron, But what if the result of #referendum 2 is only very slightly remain? Say 1%?
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    Tony Greaves is right, except the 'when' should be replaced with 'if'.
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    If the referendum on the deal produces an accept the deal vote, that's how it will have to be. But we should give the people...
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    expats: "democracy" is that you can dissent from the "will of the people".