The ConDems incessantly justify cut after cut with reference to Labour’s supposed welfare profligacy. So maybe its time to remind ourselves why the budget deficit has increased dramatically… Continue reading Reminder: the budget deficit was not caused by welfare spending
Tag Archives: economics
Stiglitz on the Credit Crisis
It was a pleasure today to see Prof Joseph Stiglitz deliver the University of Manchester’s Foundation Day Lecture, titled ‘The Financial Crisis – Lessons for Economic Theory and Policy’. So, what does the Nobel prize winning economist think of the current financial climate?