Budget 2011: A case of tunnel vision > Publication

Filter this site

Close

Available tags / Selected:

arts

business and industry

children

citizenship

climate change

communities

constitution

crime

culture

democracy

development and aid

devolution and localism

economy

education

employment

energy

environment

equality

Europe

fairness

faith

families

finance

globalisation

health

higher education

housing

human rights

identity

integration

jobs

justice

leadership

local government

media

migration

older people

personal finances

police

political events

political ideas

poverty

progressive politics

public services

reform

regional issues

resources

schools

science and technology

security

social care

sport

sustainability

taxation

trade

training and skills

transport

UK politics

US politics

welfare

world politics

young people

My Filters

Log in to set or change your
saved filters

Receive daily email alerts

Personalised RSS

>

MyIPPR
Login / Register

Login

Forgotten Member Details

Register

First name:
Surname:
Username:
Email:
Confirm email:
Password:
Confirm password:

Sign up to our weekly e-newsletter

Your personal information will be held on a database by IPPR. From time to time, we would like to send you information about events and other offers.

Please tick here if you would prefer not to receive this information.
Please tick here if you would like to receive information from our partners and supporting organisations.

You are here

Publications

Budget 2011: A case of tunnel vision

business and industry, economy, finance, jobs, political events, regional issues, taxation, trade

Author(s): Tony Dolphin
Published date: 23 Mar 2011
FREE
view full publication

The key lesson from today’s budget announcement is that the Chancellor’s stubbornness is not confined to his approach to deficit reduction: it also extends to his refusal to countenance an industrial strategy.

Just as there will be no ‘Plan B’ for the deficit, there will not be even a ‘Plan A’ for supply-side economic policy. The Chancellor is hoping that cuts in public spending, cuts in corporation tax and cuts in regulation will be sufficient to generate strong growth in private sector job creation. History suggests he is wrong. Without a different approach, the result is likely to be economic growth that disappoints over the next few years and sustained high levels of unemployment.