Does the deficit really matter?

An anti-austerity march in central London in June 2014

It has become an article of faith among the financial, economic and political commentariat in Britain and Europe that a budget deficit is an important issue, and one that requires urgent redress. In the UK, this partly results from domestic politics. Over the last five years, government rhetoric has argued that deficit reduction through government cuts… Continue Reading ➤

Playing politics: Do the numbers stack up?

Spot the George: Has the Budget merely become an exercise in political theatre?

As we approach the General Election in May, there will inevitably be a steady flurry of manifesto pledges and pre-election bribes from all of the major political parties. Just recently, Labour announced plans to cut tax relief for the wealthiest pensioners in order to fund a slash in university tuition fees by one-third. Add this… Continue Reading ➤