October 25, 2010 at 9:01 am | Posted in Economics, Financial, Globalization, History, Research, United Kingdom | Leave a comment









Two new Samuel Brittan articles

Andrew Heavens (andrew.heavens@gmail.com)

Fri 10/22/10
Deficit should be a policy variable
The Financial Times 22/10/10

Very near the beginning of his speech introducing the comprehensive spending review, George Osborne attempted to frame the exercise in the simplest of terms: “We are going to ensure, like every solvent household in the country, that what we buy we can afford; that the bills we incur we have the income to meet.” Either you accept the chancellor’s analogy or you do not. I do not. Of course the deficit matters. But it should be a policy variable rather than targeted to meet a dim accountant’s idea of balance.

The Big Society comes under the microscope
Financial World October 2010

When I hear about “the Big Society” I have some difficulty in remembering whether it comes from Tony Blair or David Cameron. This is not entirely unfair. Cameron was a professed admirer of the former Labour Prime Minister and tried to borrow some of his methods to revitalise the Conservatives. But in truth of course Blair called his approach The Third Way. This earned the dismissive comment from the Czech Republic‘s controversial president Vaclav Klaus: “The Third Way is the quickest way to the Third World“.

New Samuel Brittan article: The impoverished fiscal debate

Fri 10/15/10

Guzzle for the sake of the world economy
The Financial Times 08/10/10

When George Osborne, the British chancellor, stands up on October 20 to announce his long awaited “cuts”, we must at least insist on some essential clarifications. Are they cuts compared with public spending in the past fiscal year or compared with the tentative projections for a five-year period left behind by the last Labour government? Are they cuts in money terms or in real terms, taking into account anticipated inflation? If and when these basic matters are out of the way, we can then move on to the more fundamental confusions behind the current debate.


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