Lots of questions in the Budget/SR. The SR bit is the most important as it’s a three year spending review and it’s the first time we’ve had one of those in a long time. Will see us beyond the lifetime of this Parliament.
2 big questions for me
1) What happens to Deparmental..
2 big questions for me
1) What happens to Deparmental..
...Expenditure Linits (DELs). That’s essentially spending caps/budgets for each department. One of the big themes of this government is that it rejects the views around political economy (especially austerity) of its predecessor Conservative administrations. Despite that even...
...through the course of this government so far (and the enormous pandemic spending we’ve seen) core non-emergency DELs remain tight for many departments, certainly coming nowhere near reversing the real terms cuts we’ve seen over many yeas. You have to take the long view...
...and that relates to point 2
2) The central political fact of this government is you have a prime minister who is very comfortable unorthodox Conservative economic thinking and a Chancellor who (pandemic notwithstanding) is by instinct much more orthodox, Osbornite...
2) The central political fact of this government is you have a prime minister who is very comfortable unorthodox Conservative economic thinking and a Chancellor who (pandemic notwithstanding) is by instinct much more orthodox, Osbornite...
...indeed. Today will be a good guide as to whether those competing instincts have come to some sort of accommodation, where the balance between them lies. The danger is that it continues to be a source of tension and indeed confusion, with policy (arguably as it has been...)
...(in some areas of late) pointing in different directions and agendas, like “levelling up” remaining Ill-defined.
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