Reports & Briefings The Party is Over
| The Party is Over |
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| Written by Nigel Hawkins (June 2010) |
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In The Party is Over – A Blueprint for Fiscal Stability, city economist Nigel Hawkins argues that reducing public spending is the most pressing challenge the new government. His report goes on to point out that – assuming the Treasury's growth forecasts are correct – the government will need to cut spending by 3 percent a year to balance the books by 2015. That means finding more than £90bn of cuts over the course of the current parliament. Hawkins also argues that no area of public spending - even the NHS - should be ring-fenced. |
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Words of wisdom
"There is no art which one government sooner learns of another than that of draining money from the pockets of the people."
The Wealth of Nations, Book V Chapter II Pt II
"What improves the circumstances of the greater part can never be regarded as an inconveniency to the whole. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable."
The Wealth of Nations, Book I Chapter VIII
About the ASI
The Adam Smith Institute is the UK’s leading libertarian think tank. It engineers policies to increase Britain’s economic competitiveness, inject choice into public services, and create a freer, more prosperous society. For more information, click here.
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