Sunday July 12, 2020

Coalition can afford to spend on big projects, says Citi

l Spending would not affect deficit, claims banking giant . Certain undertakings ‘would effectively pay for themselves’

1st March, 2015

The government could announce a number of big spending projects ahead of the next election campaign and still effectively reduce the deficit, according to a report issued by global banking giant Citi.

The claim, by the bank’s head of European economics Michael Saunders, is a direct contradiction of the European Commission’s advice that the government “is experiencing macroeconomic imbalances, which require decisive policy action and specific monitoring”.

“Unless the...

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