mainly macro: Understanding George Osborne – Simon Wren-Lewis

This is an excellent blog from leading Oxford economist, Simon Wren-Lewis. It’s strongly recommended reading. Check it out!

via mainly macro: Understanding George Osborne.

The article argues that whilst UK Chancellor, George Osborne, has been successful politically in reducing the size of the UK’s public sector, his record in terms of macro-economic policy has been questionable. Most importantly, this also raises large questions about macro-economic policies going forward, after the next election (assuming a Conservative win).

Any thoughts?

One response

  1. Dr Alf raises interesting points.
    However I disagree with the Simon Wren-Lewis analysis in that the UK public sector is still too large,still unaffordable and still contains 2 million plus non jobs.
    George Osborne has made little progress in this area and we now owe £1.45 trillion gbp.
    Scotland has now been granted “tax raising powers” but still gets the Barnett Formula monies(£3,500 gbp a head not the £1600 gbp quoted).
    Worse than that our EU budget contributions are set to rise further along with our aid budget most of which is siphoned off by corrupt African dictators.
    Overall I do not rate George Osborne,s record on anything and see the Labour Party as an entity headed up by a lightweight and vacuous man who did his own brother down and cannot be trusted further than he can be thrown.

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