Public Sector Finances: The Scale of the Challenge
Corin Taylor, Senior Policy Advisor, Institute of Directors
- The fiscal backdrop, including the size of the UK’s deficit and the consequences risked by failing to act to close it;
- The possible options to reduce the deficit, including the temptation of inflation;
- The economic consequences of raising taxes;
- Why cutting public spending is unavoidable;
- How the UK experienced three unsustainable booms before the crisis – housing, financial and public spending;
- The democratic challenge of reducing spending, since no-one wants to vote to make themselves worse off in the short run;
- The positive example of spending cuts in Canada in the 1990s;
- How we should best approach saving money in the UK.
|
