Why is the Chancellor announcing cuts today at all? Figures released by the OBR show why. Despite spending cuts weak growth has meant that from 2011-12 the deficit has barely moved, throwing the government’s strategy way off course.
The deficit fell by 1.7% in 2009-2010 under Labour and has stalled as the government’s plans have taken effect – only 0.4% in 2012-2014.
It looks like the Darling plan on cutting the deficit was right all along.
Join the Fabian Society today and help shape the future of the left
You’ll receive the quarterly Fabian Review and at least four reports or pamphlets each year sent to your door
Be a part of the debate at Fabian conferences and events and join one of our network of local Fabian societiesJoin the Fabian Society
Be the first to know
Sign up to the free Fabian Society newsletter
Find out about the latest Fabian Society research, publications and events with our regular updatesSign up today