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 prologue to this election has been a narrative of disaffection and apathy among the public over a lack of real choices, real differences between the main players. But I don't see that - I see big differences, and very clear choices.
Many of us have noticed the impact of rising household bills like energy. New private spending on infrastructure will push bills up further, and not enough is being done to make sure it's affordable or this money is being invested as cost-effectively as possible.
Delivering stronger economic growth and sustained rises in living standards for all working people is the economic policy challenge for our generation. A new progressive policy agenda is needed to achieve this. And it won't come by either turning our backs on the world economy, or hoping that traditional right-of-centre economics - laissez-faire, trickle-down, deregulation - is going to turn the tide of stagnating wages and rising inequality. That's the conclusion of the Commission on Inclusive Prosperity, which I have co-chaired with former US Treasury Secretary Larry Summers and reports today.
Our national security and our future competitiveness and prosperity all depend on bringing more people into engineering at all levels. But we need rather different skills from the conventional ones engineering has sought in the past and this is widely understood...
As 2013 came to a close, who would have guessed that oil prices were heading towards $40 a barrel, sending oil-rich economies into chaos and driving investors out of emerging markets? What will the next year bring?
Overall consumers had much to be positive about in 2014 and the start of 2015 has seen both consumers in their strongest position since our tracking began and continued signs of easing inflationary pressure (particularly on essentials). But that doesn't mean that there are not challenges ahead...
If the Conservatives win the next general election, they will make any industrial action illegal unless a minimum of 40% of eligible members participate in the vote. Fair enough, some will say. I am not against the principle of democratic thresholds per se, but I feel that they can only truly work within a system that is underpinned by equity and fairness...
As Mark Twain said, "Reports of my death are an exaggeration." The same might be said about the UK's Patent Box regime; a flagship tax policy, which was first mooted in Alistair Darling's pre-budget report in 2009 and finally launched by George Osborne in 2012.
Whilst the first half of the year has always been the busiest period for the housing market I believe activity will flat line across the year with a little less in the first half but made up in the second. Whatever the outcome, sellers in the first half could be winners in the second.
The biggest assault on our small businesses for many years seems to have slipped through the public consciousness. I was aware of it, of course, but until very recently I had failed to grasp the sheer scale of it.
We are a property mad nation, we all want our own castle to call home, and yet our property market is in perpetual crisis. We have damagingly high house prices and yet at the same time there is a lack of house building. There is a stream of initiatives from our politicians, but little changes. Here are nine facts that will challenge how you think about the housing crisis.
British trade unions and anti-business NGOs campaigning against TTIP should have the courage of their convictions to admit that they are opposed to open trade and investment, rather than peddling myths about ISDS and TTIP.
You could be forgiven for thinking that we in the UK are a lazy bunch.
The economic dangers associated with the introduction of the Euro were predictable - and indeed predicted by many. Yet political leaders at the time chose to make a grand and hubristic political statement irrespective of the devastation it could bring to their citizens. The Euro is, maybe, the best example of the consequences of a political and policy elite living in their own world and totally divorced from the consequences of their actions on ordinary people.
The most offensive aspect of Nigel Farage's views is the fact they are rooted in the dehumanisation of some of the most vulnerable people in society... The NHS stands as the very antithesis of the worldview promoted by Nigel Farage. It could not function without immigration and therefore an attack on the those from outwith the UK who help to ensure it remains the glowing testament to social and human solidarity it has been for generations, this is an attack on all of us.