The shortest economic suicide note in history? How the mini-budget fails to help long-run growth

Van Reenen, John ORCID: 0000-0001-9153-2907 (2022) The shortest economic suicide note in history? How the mini-budget fails to help long-run growth. LSE Business Review (26 Sep 2022). Blog Entry.

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Abstract

On top of the energy price guarantee costing about £60 billion over the next six months, Chancellor Kwasi Kwarteng announced another £60 billion to reduce energy bills for businesses, plus £45 billion of corporate, payroll, and income tax cuts focused on the wealthy. These tax cuts and spending increases exceed those implemented during the pandemic, and they send government debt on an unsustainable trajectory. John Van Reenen believes a reckoning will be unavoidable. He writes that policies for good growth are a long slog, a marathon of difficult supply-side reforms and not a mad dash for growth.

Item Type:	Online resource (Blog Entry)
Official URL:	https://blogs.lse.ac.uk/businessreview/
Additional Information:	© 2022 The Author(s)
Divisions:	Economics
Subjects:	H Social Sciences > HJ Public Finance H Social Sciences > HB Economic Theory
Date Deposited:	17 Nov 2022 14:33
Last Modified:	01 Nov 2024 04:47
URI:	http://eprints.lse.ac.uk/id/eprint/117000

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