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: Deficit
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.
Budget 1) This was less a Conservative Budget than “the People’s Budget”. From a Vote Leave Government – not the usual Tory one.
It may be necessary, given the Coronavirus, and could even work. But Britain has a long, long record of state spending failing to turbo-charge growth.
Budget 2) John Glen: The challenges we face of the virus and of weak productivity can’t be met by the repetition of small state mantras
The Chancellor’s measures leave us well prepared to tackle its short-term challenges as well as helping to shape the long-term trajectory of the economy.
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.”
Today’s pledge of a swift Tory National Insurance cut is welcome, but more importantly it sets the stage for an attack on Corbyn’s tax grab.
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”.
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.
Bowman and Westlake’s policy ideas are perfectly compatible with this end, but pitching them as a city and town agenda risks creating a false impression.
Former Government advisers see an opportunity to steer the party towards a “bigger government” vision for the party they’ve always spoiled for.
Sky Data’s numbers suggest that there is no public agreement on how to bear the large costs of the proposal.
Lots of people want to know what the next Prime Minister will do for the country on everything other than Brexit.