Britain | Rule intentions
What fiscal rules should Britain have?
Labour has chosen its framework. Could it be better?
Not many politicians last more than a few years in charge. Short tenures give rise to temptation: to borrow money now and leave the next lot to foot the bill. Economists call this “deficit bias”, the fiscal equivalent of St Augustine’s prayer: “Lord, make me chaste. But not yet.”
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This article appeared in the Britain section of the print edition under the headline “Rule intentions”
Britain March 30th 2024
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From the March 30th 2024 edition
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