Thursday November 26, 2020

Cuts have averted national bankruptcy

The dramatic crisis in the public finances that has hit this country has required an extraordinary policy response. Having imposed a heavy extra burden on taxpayers in the previous two budgets, the government correctly chose to concentrate on spendin

12th December, 2009

The dramatic crisis in the public finances that has hit this country has required an extraordinary policy response. Having imposed a heavy extra burden on taxpayers in the previous two budgets, the government correctly chose to concentrate on spending cuts this time.

More will need to be done in future years both on cutting spending and broadening the tax base. We can at least hope that future budgets may not need to be as harsh...

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