Debt, Deficits and the Fiscal Framework
Jonathan Portes
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Posted 12.11.2012
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UK Politics
Read More:
Debt,
Defecit,
Gdp,
Economics,
David Cameron,
UK Economy,
Treasury,
George Osborne,
Recession,
UK Politics News
It has been widely reported that the government is considering abandoning the second half of its fiscal mandate - that debt should be falling as a percentage of GDP in 2015-16. My view is that the short term economic impacts of this are limited. It's not really news; NIESR has been saying for well over a year that this target was unlikely to be met.
