It’s rising prices as much as spending cuts that will give the Coalition a political headache

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Public Finances and the Economy

It’s rising prices as much as spending cuts that will give the Coalition a political headache. Last Wednesday, Bank of England Governor Mervyn King forecast that inflation would remain above its 2% target until at least the end of 2011. British Gas has just announced a 7% price hike.  It all bodes ill for the … Continued

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Low income earners will bear the brunt of the cuts

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Public Finances and the Economy

To protect those at the very bottom, those in work, but on low and modest incomes, are being asked to make sacrifices Thanks to Danny Alexander’s spotless car windows, we have already had a sneak-peak of two pages of today’sspending review. It’s hardly news: 490,000 public sector jobs will go. But the pages also reveal coalition … Continued

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