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Reactions to Mr Osborne’s autumn statement

Today, UK's Chancellor George Osborne set out the Conservative Government’s fiscal plans for the current Parliament and beyond. First reactions to the Chancellor’s speech from four members of the network Economists for Rational Economic Policies (EREP). Normal 0 false false false EN-US JA X-NONE

By Ann Pettifor, John Weeks, Jeremy Smith and Jo Michell
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An MP holds the 2015 Autumn statement spending review booklet.
An MP holds the 2015 Autumn statement spending review booklet.

An MP holds the 2015 Autumn statement spending review booklet.Demotix/ Amer Ghazzai. All rights reserved.Today, Chancellor George Osborne set out the Conservative Government’s fiscal plans for the current Parliament and beyond. Although it slightly eases the speed and scope of the spending reductions from the previous July estimates, it still envisages an overall budget surplus of over £10 billion by the last year of this Parliament, 2019/20.

We give below the first reactions to the Chancellor’s speech from four members of the network Economists for Rational Economic Policies (EREP) – Professor John Weeks, Dr Jo Michell, Ann Pettifor, and Jeremy Smith. Without giving away too many state secrets, they are less than impressed by the Chancellor’s economic choices…

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