Posts tagged ‘Finance’
Finance: Robert Skidelsky – Deficit dissent
Wednesday, November 3rd, 2010Leading Keynesian economist Robert Skidelsky spoke to Owen McQuade about cutting out wastage in government and how any savings should be spent on capital investment, “the seed corn of the future.” In Robert Skidelsky’s view, it is much too early to cut the deficit and the wrong comparisons are also being made. “Saying we need to cut the deficit is a false analogy between individual households and government,” he remarks. “The Government rarely needs to cut a deficit especially when the economy is in a slump. “In fact, it needs to increase its deficit in those circumstances...[full story]
Tags: Finance
Posted in Economy, Finance, Homepage Stories, Westminster | No Comments »
Finance: Public sector spending and its future
Monday, September 6th, 2010Public expenditure in Northern Ireland has almost doubled in money terms over the past decade but over the next four years the region faces drastic cuts in public services. Victor Hewitt considers the causes and consequences, along with possible fiscal options. A deal with the UK Government would offer some relief from the worst of the cuts and help turn Northern Ireland into an enterprise zone. The UK deficit The combination of an underlying structural deficit plus the impact of actions to alleviate the financial crisis and the recession has brought about a serious deterioration in the...[full story]
Tags: Finance
Posted in Assembly, Economy, Finance, Homepage Stories, Reform | No Comments »
Finance: Deficits and cuts
Tuesday, June 1st, 2010With the announcement of public spending cuts, Owen McQuade looks at the UK deficit and how any changes made by George Osborne and his team might impact on Northern Ireland. Perhaps the main reason why David Cameron and his Conservative colleagues opted for a formal coalition, the first for 65 years, was that they realised the cutting of public spending in the parliament ahead would be politically very treacherous. As the new administration prepares for its first budget, the deficit stands at £156 billion at the end of the last financial year 2009-2010. At 11.6 per cent of national income...[full story]
Tags: Finance
Posted in Economy, Finance, Homepage Stories, Westminster | No Comments »
