Osborne must take immediate action to cut deficit

The Telegraph features comments from Mark Littlewood

The Chancellor pledged that his resolve to stick to the Coalition's economic strategy is "redoubled" following the downgrade by Moody's, one of the biggest global credit ratings agencies, downgraded Britain.

Mark Littlewood, director general of the Institute of Economic Affairs, said Mr Osborne should now take "immediate action" to cut the deficit.

"George Osborne should focus on making sufficient savings in public spending to implement a substantial programme of tax reductions," said Mr Littlewood.

"With the size and scope of the state in Britain at current levels it is no wonder our economy is so fragile."

Read the full article here.

IEA Brexit prize

Invest in the IEA. We are the catalyst for changing consensus and influencing public debate.

Donate now

Thank you for
your support

Subscribe to
publications

Subscribe

eNEWSLETTER