Osborne doesn’t need Plan B, but he does need Plan A+
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It is worth reiterating though – because the averagely interested observer might not appreciate this from the froth of much of the media coverage – that the overall cuts package proposed by the Coalition is relatively modest. Total spending will only fall by about 3.5% in real terms by the end of the Parliament and the national debt will actually grow by about £400bn. The overall financial burden we are shuffling onto our children is continuing to grow. The price they will pay tomorrow for our largesse today continues to rise. The government is slowly getting the public finances into some semblance of order. But they are not engaged in the sort of serious recalibration of the private and public sector that the Trade Unions would have you believe. And many of us would actually like to see.
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Director General, IEA
Mark Littlewood was the IEA's Director General from 2009 to 2023, when he made a significant contribution to growing the institute's outreach and profile.
Mark also sits on the Board of Big Brother Watch, a non-profit organisation fighting for the protection of privacy and civil liberties in the UK. Mark is recognised as a powerful, engaging and articulate spokesman for free markets. He is a much sought-after speaker at a range of events including university debates, industry conferences and public policy events.
He also features as a regular guest on flagship political programmes such as BBC Question Time, Newsnight, Sky News and the Today Programme. He writes a regular column for The Times and features in many other print and broadcast media.