Duncan’s Economic Blog

The PBR

Posted in Uncategorized by duncanseconomicblog on November 27, 2009

Left Foot Forward has a good post up setting out ‘red lines’ ahead of next week’s Pre Budget Repost.

More detail in the post but:

1. The PBR must make the Keynesian case for budget deficits

2. Any deficit reduction plan must be flexible and based on cautious growth projections

3. The Government must outline how it will return tax receipts to at least 38 per cent of GDP over the medium term
4. The PBR must help those most in need by finding the £4 billion needed to meet the 2010 child poverty target and protecting the labour market interventions already in place
 

5. Growth policies must be geared towards investment

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