Friday, 8 October 2010

The wisdom of Brittan

"There is indeed not all that much urgency to cut the deficit, when economic recovery is far from assured and output is well below optimal capacity rates. But government expenditure is probably too bloated and needs to be curbed on its own merits or rather demerits. The logic of this position is that expenditure curbs should be offset by tax cuts."

Samuel Brittan writing in todays FT.