Tag Archives: spending

The Coalition’s child poverty strategy has been derailed by an argument about definitions and measurement, which offers no practical help for the millions of families struggling on a low income. Despite the difficult fiscal context, the Coalition could have set … Continue reading

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The Labour leadership is evidently never going to accept that pre-crash overspending was responsible for the deficit, and with good reason. Under Labour, the UK entered the recession with a structural current deficit of only 0.6 per cent of GDP. … Continue reading

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After pressure from various wings of all three main political parties, George Osborne has publicly stated his desire for a substantial increase in the national minimum wage. The government’s submission to the Low Pay Commission argues for the main adult … Continue reading

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In The Times yesterday, the commentator and confidant of the chancellor, Danny Finkelstein, penned an intriguing article calling for a new ‘NHS tax’. It merited attention not because it called for an hypothecated tax for the NHS – an idea … Continue reading

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The SNP government has made great play today of expanding childcare in an independent Scotland. Universal childcare – of the Nordic variety envisaged in the Scotland’s Future white paper – is a very important ambition, and not just because it … Continue reading

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George Osborne is widely regarded as a very political chancellor. So yesterday’s announcement, in his speech to the Conservative conference, that a Tory majority government after the next general election would aim to run a budget surplus before the end … Continue reading

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Nick Clegg has got the headlines he wanted today. The Liberal Democrats are sticking to the course of fiscal prudence and he’s seen off the social democrats in his ranks who wanted a different strategy.

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In 2015, the general election will be fought without clear spending plans set beyond the first fiscal year, as it was in 2010. There will be one key difference, however: the Office of Budget Responsibility will set out five-year fiscal … Continue reading

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Today’s spending review is principally about departmental allocations for 2015/16; the financial year beginning shortly before the expected date of the 2015 general election. However, much of the political manoeuvring ahead of the speech has concerned annually managed expenditure, so-called … Continue reading

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The debate on the publication today of the statistics on the public sector finances for 2012/13 has focused mainly on whether the deficit is falling or not. The answer is no: the deficit in 2012/13 was broadly the same as … Continue reading

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