What are hung Parliaments and do they matter?

Philip Booth discussed the possible significance of a hung Parliament on Sky with Jeff Randall

Speaking on the Jeff Randall show on Sky News, Philip Booth disagreed with the position that a hung Parliament would be devastating for Britain.

He argued that the three main political parties have more or less similar plans for dealing with the debt and deficit - that is plans that are woefully inadequate. With the budget deficit currently around 15 percent of national income he suggested a hung parliament would not make a great deal of difference to the state of the economy.

Under current plans, the UK will still have a huge structural deficit in four years time and yet the parties are arguing over cuts in spending of 1 percent of national income or so. Booth argued what the economy really needs is around £170bn of spending cuts so that not just the deficit but taxes can be cut too.

Read more of Sky's discussion about the possible implications of a hung Parliament 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