Aggregate Demand and Supply

The IFS view of the Spring Statement has arrived, delivered by Paul Johnson and it's interesting to note that, surprise, surprise, Brexit is front and centre.

Without Brexit, the IFS argue, austerity could have ended earlier and there could have been increases in public spending, or more rapid improvements in the public finances.

Similarly, Matthew Whitaker, chief economist at the Resolution Foundation also argues that the Chancellor could relax austerity, with the article noting that "by 2022/23 he has the headroom to allocate £24.9bn to unprotected Whitehall departments, in a move that raise their share of GDP back to levels seen in 2015/16. He could also afford to spend £10.7bn on reversing welfare cuts."

Did Leave voters vote for this sort of thing?