With this autumn’s Spending Review set to be one of the most important moments
in the life of the Coalition Government, Reform has linked up The Spectator’s Coffee House blog to ask what could – and should – be in the final document. This post and all previous
posts have been collected in a report that you can download here .
1). Hold the line on eliminating the deficit in one term
The coalition Government must hold the
line on the commitment to eliminate the structural deficit in one parliament. Delaying the task will simply make it harder. Unless programmes and entitlements are reformed now, then the growing
costs in areas like health and pensions will swamp any savings identified. Deviating from plans will also damage the coalition’s fiscal credibility – meaning that the costs of
government borrowing will rise.
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