When he was Mayor of London, I outlined to Boris Johnson how we have the potential to become the largest economy in western Europe.
Posts Tagged: State Spending
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.
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?
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?
James Frayne: Johnson’s headroom to raise taxes, in the wake of the new levy, has been dramatically reduced
Most obviously, this complicates their Net Zero strategy; you would have expected fiscal policy increasingly to have rebalanced towards green taxes.
Andrew Griffith: If public services aren’t radically reformed, the new healthcare levy may be in vain
Delivering our popular and bold programme will require better instrumentation, clearer goals and new ways of working.
David Gauke: Johnson’s health and social care plan. A betrayal of Conservative principles? No – because, at one level, there aren’t any.
This can give the Tories a tremendous advantage in a democracy because the public, as a whole, does not have fixed views either.
Health and Social Care 3) Ryan Bourne: The battle for spending control and lower taxes appears to be lost
There is nothing for productivity growth, ageing, minimum wage hikes, tailoring care to individual needs, or councils’ incentives to build more homes.
The cat of Tory tax rises has fewer than nine lives. Especially if these breach manifesto pledges and are generationally unfair.
If the Treasury gets its way, the Chancellor will score a big victory. But Ministers should watch for Labour stealing their thunder over taper rates.
Keynesian Macmillan got through four Chancellors in six years. We hope that Boosterist Johnson, who’s already lost one, doesn’t see this as a precedent.
The overseas aid and Universal Credit decisions suggest that, for the first time in a while, the cause of fiscal conservatism is gaining the upper hand.
The Government’s aid manoeuvre. Sunak retreats to advance – as he sends a signal about the future control of spending.
By reminding backbenchers of manifesto commitments on debt control, he is squaring up for battles to come over the spending review.
Bim Afolami: The big question facing Johnson. What does fiscal conservatism mean in an age of the big state?
My view is that the only way to help square this circle is to rediscover our concern for public service reform.