Sorry Bart, but that's tosh. The fiscal target was that the debt-to-GDP would (just about) stop increasing in five years time. WIth a rolling deadline, that is as good as saying "never"… (View Post)

Once things are broadly in balance, sure, we can talk about what mixture of tax cuts and spending rises to go forward with. But Hunt's budgets weren't remotely like that. Mostly it was &quo… (View Post)

Too grim to contemplate. 1. Out fiscal hole isn't particularly about wasteful ongoing spending of the sort where a few cuts/tax rises of the sort that don't hurt people like me are going to… (View Post)

As long as the deficit was a big as it was, that doesn't matter. Hunt's actions were the fiscal equivalent of thinking that, because you went to the gym yesterday, you deserve a big slice o… (View Post)

Except that responsibility doesn't really exist. And all the evidence is that the public doesn't want a properly prudent plan. Hunt offered tax NI cuts, despite those cuts being unaffordabl… (View Post)