Unemployment down, GDP up – there’s no logic for a public spending boost now


Despite the warmth of the days, there is a distinct autumn feel to the mornings. And in the autumn, thoughts begin to turn to the Budget. Speculation has already begun about what the chancellor Philip Hammond might or might not do. For Labour, recent weeks have been dominated by Jeremy Corbyn’s alleged antisemitism and undoubted […]

The chancellor should heed Keynes – and keep public spending down

Philip Hammond

Last week’s Spring Statement by chancellor Philip Hammond has led to predictable calls to “abandon austerity”. With massive hyperbole, Labour accused him of “astounding complacency” in the face of what they claimed to be the worst ever public funding crisis. The facts are rather different. Far from being squeezed, after allowing for inflation, current spending […]

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