Economy or Politics? The Chancellor's Autumn Statement Did Not Go Far Enough

On December 1st 2011, Politeia's Director Dr. Sheila Lawlor, responds to Chancellor George Osborne's Autumn Statement. While she conceeds that  structural projects can be sensible at time of recession, the level of UK public spending will have to fall further along with the costs of employment, production and exports.

That is the fundamental challenge, political and economic she points out. Her message underscore the evidence: cutting overall spending to 40% or less as a proportion of GDP will bring growth, restore confidence and keep lending rates low. 

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