Pearce, Nick (2011) The government is against debt, but spending cuts and tax increases will mean squeezed households will have to take on more in the coming years. British Politics and Policy at LSE (06 Apr 2011) Blog Entry.
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The recent upward revision of household debt forecasts illustrates one of the downsides of George Osborne’s plan to reduce the deficit. Nick Pearce writes that with low income growth predicted for the coming years, squeezed households may have little choice but to take on more debt.
|Item Type:||Website (Blog Entry)|
|Additional Information:||© 2011 the author|
|Library of Congress subject classification:||H Social Sciences > HJ Public Finance
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
|Sets:||Collections > British Politics and Policy at LSE|
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