Tag Archives: investment spending

Same old Economic Orthodoxy

In 1997, the Labour Party inherited a balanced budget from the Tories and for well over ten years we had Gordon Brown telling us that he had got rid of the boom and bust cycle. By 2009 the deficit had ballooned to £171 billion, higher than during the recessions of the 1980s, the 1990s and even when the Labour party went to the IMF, cap in hand, in 1976 (another fine mess they got us into) put together.

Economic orthodoxy maintained by Labour and and the Tories for the last forty years or so ensures the same economic models: over reliance …

Posted in Op-eds | Also tagged | 55 Comments

Can the long-term decline in government investment spending be reversed?

Investment spending vs social security spendingIf actual government investment spending bore any relation to the amount of time politicians spent talking about it, Britain would surely have one of the highest rates of government investment in the world. In fact, for all the talk there are few signs of a reversal in one half of the most notable trend in Britain’s public finances over the last half century: the decline of government investment.

I say one half because there is another part of the trend, and it is the flip side of the same coin: the general trend of increasing spending on social security.

Posted in Op-eds | Also tagged | 25 Comments
Advert



Recent Comments

  • User AvatarRob Parsons 24th Jun - 5:24pm
    I'm in tune with the basic premiss that we should look for co-operation where it is possible and where we believe it will benefit us....
  • User AvatarMichael BG 24th Jun - 5:07pm
    @ TonyH If we assume that Brexit will be bad economically for the UK (and I think we both do), we have been a failure...
  • User AvatarJames 24th Jun - 4:55pm
    If we'd not had a deal with the Greens in Richmond, yes they wouldn't have won any seats, but we wouldn't have won 43 instead...
  • User AvatarPaul Pettinger 24th Jun - 4:16pm
    Organising with the Greens prob made the difference in two seats for us last June and, if we worked better with them, a bigger impact...
  • User AvatarSteve m 24th Jun - 4:01pm
    From the experience of the county elections up here where we tried to broker a deal only to have them go back on it. We...
  • User AvatarOnceALibDem 24th Jun - 3:56pm
    OMG - I can't believe this doesn't have a mention of Tim Farron who has actually made a new train service in his constituency. Given...