Ahead of todays Budget, the free-market think tank, the Institute of Economic Affairs (IEA), is calling for radical measures to set the British economy on the course to recovery:
An urgent plan to cut the deficit
Britain needs an urgent plan to reduce our deficit substantially. Cutting around £100 bn within the next few years must be achievable, especially given that public spending has approximately doubled since 1997.
A radical overhaul of the welfare system and other public services
To increase savings in the medium term, a radical rethink of the structures of public service finance across areas including health, education and welfare is needed.
A reversal of previousl