The present division of responsibility helps individuals avoid accountability, and taxpayers pay for it.
Posts Tagged: Public Spending
Bim Afolami: Get ready for interest rates to rise – with all the shock to homeowners, families and borrowers that will follow
We should never forget the millions of people who are “just about managing” – they will find it harder to budget over the next few months.
A problem that £20,000 in hard cash hasn’t solved needs a more imaginative solution than brute force.
John Redwood: We’re free of EU membership and can motor to our own destiny. But still drive nervously in L-plates. Why?
There should be a growth target to complement the inflation target – to drive government departments to take actions that will promote more UK activity and jobs.
Without it, we won’t be able to have better public services, less debt and lower deficits, or a fairer deal for younger people.
How do you hugely increase public spending and cut taxes without borrowing? Sunak has until the election to find a way.
The mission is to create an economy that works for everyone, while protecting people from factors out of their control.
Johnson should be allowed to build a legacy with special projects – provided he agrees to big savings elsewhere. There is plenty of scope.
When he was Mayor of London, I outlined to Boris Johnson how we have the potential to become the largest economy in western Europe.
Essentially, the Solvency 2 regulations make it difficult for our pensions and insurance firms to invest in long-term, secure, fixed assets in the UK.
David Gauke: Johnson’s party is more socially conservative, populist and economically interventionist. But how much?
There is evidence, however, that suggests that the move to abandoning all recent Tory traditions is not quite so straightforward.
His biggest strength now is that to a mass of people who don’t follow politics he is a Given, A Fact – like Thatcher, Blair or the weather.
The auditorium may be dull but the fringe is not – as questions from our past haunt the future, such as: will the productivity gains come?
WATCH: “Our public finances must be put back on a sustainable footing” – Chancellor’s Conference speech
Sunak adds that he is “grateful to my predecessors and their 10 years of sound Conservative management of our economy.”
Against a post-pandemic background of shortages, prices rises and higher taxes, how much protest will there be over the growing size of the state?