Tuesday, 20 August 2013

Was the Government’s macroeconomic policy right after all?

This is a relatively old item [6 August] which I had obviously mislaid somewhere but the title intrigued me coming from the TUC!! Read on.

With the UK’s return to growth, many will now no doubt argue that the government’s macroeconomic policy has turned out to be a success.

So, are they right? Does the recent pick-up in UK growth prove that the Government were right all along? Have the critics of tight fiscal policy been confounded?

The short answer is very straight forward, “no”.

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