Freezing spending would substantially cure Britain’s deficit problem
IEA responds to government decision to legislate for plain packaging of tobacco
IEA sets out recommendations ahead of the 2013 Budget
Mark Littlewood comments on Dr Liam Fox's IEA speech
“This is a welcome and timely contribution to the debate about how to get the country’s finances in order. For all the government’s talk of austerity, cuts in spending have been feeble. By the end of this parliament, the coalition will have actually added around £600 billion to the national debt.
“The reality is that if spending is to be brought under control, we need to look long and hard at the health and welfare budgets. If these bills are not reduced, then it becomes a much harder task to get close to balancing the books.
“Dr. Fox’s suggestion to freeze public spending for five years at a saving of over £300bn would go a long way to curing the deficit problem that David Cameron and George Osborne have so manifestly struggled to solve.”
Notes to editors
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