UK Deficit

In Praise of Permanent Budget Deficits

Christopher Bacon | Posted 28.07.2015 | UK Universities & Education
Christopher Bacon

A permanent budget deficit would not be inflationary because the economy is not operating at full capacity. Even if it were operating at full capacity, a (smaller) deficit would still be required to maintain that state of affairs.

Labour Leadership Contenders: Face Up to the Facts on the Deficit

John Healey | Posted 20.07.2015 | UK Politics
John Healey

When Labour MPs voted against the Budget this week our opposition was based on rejection of specific policies, when it is the fundamentals of the economy and terms of political debate we must challenge.

This Is How George Osborne's Just Won the Tories the Next General Election

Hisham Nehar | Posted 16.07.2015 | UK Politics
Hisham Nehar

George Osborne's budget it seems, was the final blow for Labour's chances of regaining economic credibility. Following the first budget delivered by a...

Striking the Right Balance

Tony Dolphin | Posted 08.07.2015 | UK Politics
Tony Dolphin

In today's budget, George Osborne sets out a path for the government's fiscal deficit over the next five years. His aim is to get the overall budget into surplus by 2019/20. This is one year later that planned back in March - a welcome smoothing of the path for eliminating the government's deficit. But he may still be moving too fast.

Labour Should Lift Its Eyes and Embrace the Case Against Austerity

Paul Embery | Posted 24.06.2015 | UK Politics
Paul Embery

Labour will not thrive again unless it finds the guts to convey a bold message that gives people hope. Aspirants to the leadership should lift their eyes and embrace the case against austerity. There really might be some votes in it.

When Will the Bailiffs Come Knocking on Britain's Door?

Tom Beetham | Posted 06.05.2015 | UK Politics
Tom Beetham

Talk of the deficit is very much in vogue, and the opposition leaders are fighting like toddlers in a ball pit in an attempt to air their own plans to cut the country's deficit. Meanwhile, Dave and fellow toff George Osbourne look so chuffed about cutting the deficit by only taking money from people who were never going to vote for them in the first place, that they risk bursting into an unholy Eton mess.

Vote for Policies, Not Personalities

Bethan Hughes | Posted 06.05.2015 | UK Universities & Education
Bethan Hughes

While Spiderman's Uncle Ben lies dying on the ground, he does indeed utter that 'with great power comes great responsibility'. The students in our constituency form a quarter of the electorate. We do have the power to uproot a notorious Lib Dem safe seat. So let's take this power and vote responsibly, for a party that will protect our communities, and not benefit a small few.

Game Over! Finally, the IMF, OECD and IFS Say the UK Never Had the Biggest Structural Deficit

Ramesh Patel | Posted 28.06.2015 | UK Politics
Ramesh Patel

The aim of this three-part article is to demonstrate that every deficit narrative and soundbite question or statement that you have heard parroted thousands of times are simply tricks aimed to mislead people.

Game Over! The Structural Deficit Finally Exposed! The Three Things They Hope You Never Discover!

Ramesh Patel | Posted 21.06.2015 | UK Politics
Ramesh Patel

The truth is coming and it cannot be stopped! - Edward Snowden It's funny how claims fall apart so easily when they are held together by the usual...

Game Over! Finally The Structural Deficit Exposed!

Ramesh Patel | Posted 19.06.2015 | UK Politics
Ramesh Patel

Now, for my next trick I will reveal how George Osborne pulled the rabbit out of the hat with his structural deficit claims. Through the art of misdirection, trickery and with a few good lines of bulls**t he has sold people an illusion that black is white and white is black.

In the Blue

Lewis Worrow | Posted 10.04.2015 | UK Politics
Lewis Worrow

It is clear that the Conservative Party's longer-term economic plan is working. They are cutting income tax for over 25 million people, saving the typical tax payer £705 a year. They are cutting the jobs tax saving businesses up to £2,000 enabling businesses to hire more people...

The Path to Ruin or Prosperity

Christopher Bacon | Posted 16.03.2015 | UK Universities & Education
Christopher Bacon

In the build up to the May general election, David Cameron has issued a stark warning that voting for Labour (or presumably anyone other than the Conservatives) means "choosing the path to ruin."

How Quickly Should Government Debt Be Reduced?

Tony Dolphin | Posted 17.03.2015 | UK Politics
Tony Dolphin

The Chancellor is right to argue that debt will have to be reduced. There is no definitive answer to the question of the optimal level of debt, but debt in the UK has doubled since the onset of the financial crisis and, as a result, it would be harder to respond to a future severe downturn in economic activity through an easing of fiscal policy. Debt needs to be reduced to create room for it to be increased again if needed.

The Autumn Statement Looks Far Too Optimistic

John Mills | Posted 17.02.2015 | UK Politics
John Mills

The Chancellor's recent Autumn Statement generated a number of big-splash headlines with announcements on Stamp Duty, tax and savings. But there are really only two key criteria by which we will judge the Chancellor's Statement in the long term.

George Osborne's Autumn Statement - The Key Points

The Huffington Post UK | Posted 03.12.2014 | UK Comedy

Thanks to our parliamentary advisors Robin Flavell, Stephen Grant, Handface and David Beresford for this summary of the chancellor's autumn statement ...

Do Voters Even Care About The Deficit? Here's The Graph You Need To See

Mehdi Hasan | Posted 02.02.2015 | UK Politics
Mehdi Hasan

From day one, George Osborne framed the debate on the economy as a debate about borrowing, debts and deficits. Unlike defensive Labour, however, the voters don't seem to buy it.

The One Speech You Need To Read That Wrecks Osborne's Big 'Deficit Trap'

The Huffington Post UK | Asa Bennett | Posted 03.12.2014 | UK Politics

George Osborne has signalled that he will challenge Labour to back his "Charter for Budget Responsibility", which would set a target in law to elimina...

Barely Any Of You Think Osborne Has Got The Public Finances In Order

The Huffington Post UK | Asa Bennett | Posted 03.12.2014 | UK Politics

Most voters think George Osborne has failed on his key aim to get Britain's budget deficit under control, a new poll has found. Research by ComRes ...

What Does the Future Hold for the UK Economy?

John Mills | Posted 12.01.2015 | UK Politics
John Mills

Despite the political rhetoric, if current economic policies continue broadly as they are, the UK economy does not have a bright future. In my view, and that of many others, our economy has at least five big problems. These major challenges will end the current upturn probably shortly after the 2015 general election, no matter who wins.

It's Time to Think Again About Rapid Deficit Reduction

Alfie Stirling | Posted 07.12.2014 | UK Politics
Alfie Stirling

More is it at stake than immediate political positioning. The agendas adopted now will define the policy space for most of the next parliament... Perhaps the present consensus on the haste of deficit reduction is deserving of greater scrutiny than is currently afforded by much of the UK's political class.

How Is Ed Planning To Deal With The Deficit? He Won't Tell You

The Huffington Post UK | Asa Bennett | Posted 23.09.2014 | UK Politics

Ed Miliband has come under fire for dropping any mention of Britain's deficit in his Labour conference address, after planning to tell members how his...

Will Austerity Really Reduce the Government Deficit?

John Mills | Posted 10.11.2014 | UK Politics
John Mills

In 2013, the government deficit, according to the latest available Office for National Statistics (ONS) figures, was £92.9billion, which was 5.8% of GDP. All our major political parties are fixated on getting this deficit down by cutting expenditure and raising taxes. But should they be quite so determined to do so? Is austerity really the best way to cut the deficit?

Osbornomics, Not Wallace, Is Miliband's Problem

Jasdev Singh Rai | Posted 26.09.2014 | UK Politics
Jasdev Singh Rai

Miliband is certainly an intellectual full of ideas and a clever strategist. But Osborne has proved himself to be an equally powerful intellectual, better at gaming strategy. Labour could outwit Tory strategists. Instead of fielding Miliband in a 'presidential style' election, it could play the party instead as a collegium.

This Awkward Graph Shows Osborne Is Failing To Get The Books In Order

The Huffington Post UK | Asa Bennett | Posted 20.06.2014 | UK Politics

George Osborne's plan to eliminate Britain's deficit by 2018 has been undermined as the decline in the rate of borrowing looks to have ground to a hal...

Asa Bennett

Clegg's Eleven-Step Journey From Wanting 'Savage Cuts' To More Spending

HuffingtonPost.com | Asa Bennett | Posted 09.06.2014 | UK Politics

Nick Clegg has promised that the Liberal Democrats will aim to stay in the political centre-ground, avoiding the Tory strategy of "austerity forever" ...