Magazine article Public Finance

Another Fine Mess

Magazine article Public Finance

Another Fine Mess

Article excerpt

Who are the good guys? For the protagonists in The Road the movie based on Cormac McCarthy's dystopian novel it's a life and death question. Sorting out the human llesh-eaters from the more fricndl) types has a direct hearing on their chances of survival.

Our times might be a lad less grim. But distinguishing friend from foe is still a daunting challenge particularh for public servants staring into the abyss of sub-zero spending. This week the choice got even harder, as the clear water between the parties' plans to tackle a £178bn deficit became extremely muddied.

Tory pledges of faster, deeper spending cuts were dumped when David Cameron said there would be no 'swingeing' or even 'particularh extensive' cuts under his watch in 2010 11. George Osborne has replaced macho boasts about early austerity measures and dire warnings of investors taking fright with a 'new economic model' that focuses on growth.

So what are we to make of this L -turn? Government ministers have, predictably enough, ridiculed the Opposition's economic literacy, likening Cameron and Osborne to 'Laurel and Hardy'. Psephologists are poring over the narrowing polls, and asking whether the Tories' soiree line is a panic response, or a cunning attempt at political triangulation. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.