Letters From Economists

"The tale of the 364 may simply illustrate that the backing of economists – though rhetorically useful for politicians – is not a reliable guide to good policy..."

Those following the on-going debate about how and when to reduce the deficit will have seen a letter printed in last Thursday’s Daily Telegraph. Signed by almost sixty academic economists, it is the second to back Labour’s plans to delay spending cuts until ‘the recovery is well underway’, and warned that Conservative plans to cut immediately could ‘imperil not only jobs but also the prospects for reducing the deficit’.