Autumn statement is highly political compared to research on 'best' ways to fix public finances
- Written by Gulcin Ozkan, Professor of Finance, King's College London
The UK faces some significant belt-tightening following Chancellor Jeremy Hunt’s autumn statement, which announced spending reductions and tax rises of around £55 billion. Much research has been done into the best ways to do fiscal austerity in terms of reducing debt, avoiding economic damage and not exacerbating inequality. So how...