Sunday 27 December 2009

Experts accuse Government of 'alarming complacency' over UK's ballooning budget deficit

Daily Mail
"The Government came under heavy fire from experts today over the lack of a 'clear and credible' plan to tackle the dire state of the public finances.In a letter to the Sunday Times, a group of 11 economists said ministers were guilty of 'alarming complacency' after failing to set out detailed proposals to address the ballooning deficit in the Pre-Budget Report earlier this month. ....The letter was signed by:

Tim Congdon (International Monetary Research), John Greenwood (Invesco Asset Management)

Andrew Lilico (Europe Economics),Kent Matthews and Patrick Miniford (Cardiff Business School)

Michael Oliver (ESC Rennes School of Business),Gordon Pepper (Lombard Street Research)

David B Smith (Derby University),Peter Spencer (York University)

Peter Warburton (Economic Perspectives),Philip Booth (Cass Business School/IEA)

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