Spending restraint necessary to tame Britain’s unsustainable fiscal policy
11 November 2022
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In the Media
Mark Littlewood writes in The Mail
11 November 2022
Labour Market
Economic Theory
11 November 2024
Matthew Lesh quoted in the BBC
IEA Head of Public Policy Matthew Lesh has been quoted in a BBC article questioning the view that spending cuts will not be necessary to fill the UK’s £50bn budget black hole.
Accepting that the extent of the shortfall is uncertain, Matthew nonetheless emphasised that the state is facing “lower-than-expected revenues and higher debt costs”.
Matthew argued that the solution was a reduction in government spending and, crucially, a credible plan for growth, which would increase long-term revenues.
The full article can be read here.
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