February 6, 2011 Leave a comment
We all know about the cuts. And the claims that getting the public finances in order will act as a spur to a revival of private sector economic activity. We’re all – quite possibly including the Government – less clear on exactly how that revival is supposed to occur. We are promised a budget for growth in a few weeks time. But the speech on the economy that Nick Clegg delivered last week was eagerly awaited. Perhaps it would give some early signs of how precisely the Coalition is expecting current policy to deliver this bright new private sector-led dawn.
The speech has not been universally welcomed. David Blanchflower over at the New Statesman dismissed it as “empty waffle”. That’s harsh. But is it fair? One of the challenges is knowing quite how to read what was said. Cynics might say the challenge is knowing quite what, in what was said, to believe. Read more of this post