Whether moderate right Conservative, or moderate left, austerity is dead, and this new age will be with us for a long time to come.
Posts Tagged: debt
John Redwood: Why I, as a strong supporter of the market economy, back the Government’s emergency economic measures
The reason we will get away with it again, as we did in the banking crash, is that there is so much deflation around, inflation is not a problem.
Ryan Bourne: The upside-world of virus economics. And why we free marketeers must adapt our usual ways of thinking.
The theoretical aim of policy then should be bridging over what is hopefully a short pause in activity – eliminating near-term distress for households and businesses.
The economy and the virus. Tear up the rulebook – we need Big State Government on a scale unknown in modern times.
The implications of the crisis are such that Johnson and Sunak need not so much to think outside the box as to trample it to tatters altogether.
Sooner rather than later, they will find a growing number of constituents coming to them for help with this latest twist in the housing crisis.
We are in danger of losing sight of the simple truth which has been a favoured phrase of Tory politicians through the ages: borrowing today is simply taxation deferred.
In the first piece of a mini-series, our guest author also argues the Government should look again at IR35, and make it more worthwhile to work.
My answer would be “maybe, provided the spending or tax cuts significantly improved our growth potential.”
They keep changing. But does it matter? For the last 30 years, when it comes to the public finances, the diet always starts tomorrow.
The Transport Secretary insists the Manifesto pledge to lower debt over this Parliament will be honoured.
In this new political battle, the greatest tension will not be left v right or even fiscal
doves v economic hawks. It will be a battle between creativity and convention.
Daniel Hannan: £1 million? £1 billion? £1 trillion? McDonnell is relying on you not knowing the difference.
Labour is banking on our innumeracy. I don’t say that they are taking us for fools. Plenty of clever and educated people can’t process numbers on that scale.
Sajid Javid: “The direct cost of Corbyn is confirmed: £1.2 trillion of extra spending over the next five years.”
And, the Chancellor notes in his Bolton speech, that excludes 59 Labour policies “which don’t have enough detail for us to cost fairly”.
Nick Hargrave: Wanted. A Too Difficult Department to help tackle intractable post-election problems.
I am arguing that there is some limited space for radical candour with the electorate on the difficult choices facing the country in the 2020s.
David Gauke: Whatever briefings from Downing Street may claim, an election fought on a No Deal platform would be disastrous
Let me give seven examples of principles that most Conservatives would support. I struggle to reconcile them with those pursuing a No Deal Brexit at any cost.