Unfunded pledges and election gimmicks – from Tories or Labour – are last thing Britain needs
Graham Watson's insight:
Richard Partington writes on last week's Budget comparing the Chancellor to a snake-oil salesman pitching something he knows to be fundamentally disappointing, to an expectant nation.
He calls for an end to the pie-in-the-sky policymaking and a return to honest debate about crumbling infrastructure, low productivity and unfunded pledges to cut taxes, increase public spending or both.
Former prime minister will tell thinktank the Treasury is in danger of retreating into ‘comfort zone’
Graham Watson's insight:
Gordon Brown's of the view that something's got to give, and that there needs to be a radical rethink to break out of the cycle of low growth. He suggests that the Treasury needs to assume a war footing, co-ordinating growth via a National Economic Council.
He sees persistently low productivity as the root of many of the growth problems, exacerbated by austerity rather than fiscal stimulus as in the US.
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Richard Partington writes on last week's Budget comparing the Chancellor to a snake-oil salesman pitching something he knows to be fundamentally disappointing, to an expectant nation.
He calls for an end to the pie-in-the-sky policymaking and a return to honest debate about crumbling infrastructure, low productivity and unfunded pledges to cut taxes, increase public spending or both.