Society, Politics & Law
Autumn Statement 2016: Tories shift to growth strategy in an Ed Balls-style pirouette
...analysis. And when reality bites, a switch is made from taxing less to spending more on structures that can constitute a public asset as “security” for the additional public debt. Labour broke the deficit-boosting record in 2008-10 – but only after the unprecedented bailing-out of a collapsed financial sector. It had previously reduced the public debt, by moving the...