Coulter, Steve (2011) Deficit reduction is important, but it’s not the end of the story: if we are to achieve real long term growth, government must come up with creative solutions to overcome the institutional and productive constraints on the economy. British Politics and Policy at LSE (28 Nov 2011) Blog Entry.
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An obsession with deficit reduction has diverted attention away from the need to revamp the UK’s industrial base. Steve Coulter argues that the coalition government has belatedly turned its attention towards industrial policy with its ‘growth review’; but there is little sign so far of effective and novel policies. Tomorrow’s Autumn Statement will flag up lower growth and higher borrowing – what it also needed is action to indicate a way out of the UK economy’s malaise.
|Item Type:||Website (Blog Entry)|
|Additional Information:||© 2011 The authors|
|Library of Congress subject classification:||H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
J Political Science > JA Political science (General)
|Journal of Economic Literature Classification System:||H - Public Economics > H6 - National Budget, Deficit, and Debt > H60 - General|
|Sets:||Collections > British Politics and Policy at LSE
Collections > Economists Online
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