The Untalented Mr Osborne

The IFS Green Budget suggests that the UK coalition’s public finances are in much worse shape than many realise…
Fiscal choices from IFS, BBC News, 6 Feb 2013
A key reason for the failure of the deficit-cutting strategy is not just that demand (and hence tax receipts) are being crushed but that an already weakened supply side is being clobbered by hysteresis.
Supply matters – but so does demand, Skidelsky and Miller, FT, 18 Feb 2013

Britain’s Borrowing Binge

Useful insights (and a neat application of national income accounting identities) as to why Britain’s higher-than-expected public borrowing coexists with unusually low real yields, prompting renewed calls for extra infrastructure investments…
Britain’s Balance Sheet Recession, Ed Conway, Sky News, 21 Aug 2012
Austerity’s not working, Chris Dillow, Stumbling and Mumbling, 21 Aug 2012
Borrowing figures prompt co-ordinated growth push across Whitehall, The Guardian, 22 Aug 2012