UK Chancellor of Exchequer out of options, historian says
THE Chancellor is like Mr Micawber, hoping that ‘something will come up’ to boost his fortunes, a leading economic historian said last night.
Speaking ahead of delivering the annual Julian Hodge Institute for Macroeconomics lecture Professor Nicholas Crafts warned that the George Osborne lacked many of the levers available to his predecessors in previous downturns.
The Warwick University academic said that history had shown that where you were cutting government expenditure, as the Chancellor is currently doing, you need to have a parallel policy that will stimulate growth.
"The message from previous recessions is that you do need policy to help you recover," he said....
comments powered by Disqus
- Hull of Confederate Submarine H.L. Hunley Found 150 Years Later
- U.S. Textbook Skews History, Prime Minister of Japan Says
- Recalling a Film From the Liberation of the Camps
- Skull Fossil Offers New Clues on Human Journey From Africa
- Are crude conspiracies right? Research shows nations really do go to war over oil
- Ronald Suny says historians have shied away from exploring the roots of the Armenian genocide for fear of taking attention away from the victims
- Columbia University professors Eric Foner, Alan Brinkley, and Alice Kessler-Harris to retire
- A powerhouse appropriations subcommittee is now headed by a historian: Republican Rep. Tom Cole (OK)
- Slavic scholars divided over a scholarship sponsored (and withdrawn) by Stephen F. Cohen
- Claire Strom to Step Down as Editor of Agricultural History