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Abstract:

Blog
UK Spending Review 2013: A triumph of politics over reason?
John Van Reenen
June 2013
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Tags: john van reenen; the euro; european economics; finance; business and regulation; budget; economics; spending cuts; spending review; uk; uk economy

The UK’s Spending Review has been forced on the British Chancellor because weak economic growth has blown a hole in the deficit reduction programme. John Van Reenen welcomes the partial reversal of the hugely damaging cuts in public investment, but argues that it is too little, too late. Rock bottom interest rates mean the UK should be boosting investment substantially now. […]