Tag: government borrowing

Does the increase in public debt mean that ‘Tory austerity’ failed?

I’m seeing lots of variations on ‘how can the Tories criticise Labour’s borrowing plans when debt has risen by £800 billion under their watch?’. But while there may indeed be good reasons to criticise the Conservatives' track record on fiscal policy, the increase in public debt is not one of them. It might help to … Continue reading Does the increase in public debt mean that ‘Tory austerity’ failed?

Why I prefer the Tories’ new fiscal rules to Labour’s

The latest fiscal pledges from Sajid Javid and John McDonnell are similar in some respects, but very different in others. In short, both the Conservatives and Labour are planning to ramp up government spending, especially on investment, and have proposed new fiscal rules which should allow them to do so. However, Labour’s plans are much … Continue reading Why I prefer the Tories’ new fiscal rules to Labour’s