Controlling Spending and Government Deficits: Lessons from History and International Experience

Nov 23, 2009

Controlling Spending and Government Deficits draws from twelve international and historical case studies in order to examine how Britain might best rid itself of the current overwhelming deficit.

Policy Exchange’s Chief Economist and author of the report Andrew Lilico said:

“We found that a number of countries which cut their deficits benefited from lower long term interest rates and higher confidence, leading to faster growth as a result. However, it is important that most of the deficit reduction effort should come from spending cuts not tax rises. We found that countries which tried to fix their finances mostly with tax rises have tended to fail.”

Author

Ed Holmes

Ed Holmes
Senior Research Fellow for Economics & Social Policy, 2009-2013 Read Full Bio

Hiba Sameen

Hiba Sameen
Economics Research Fellow, 2009-2011 Read Full Bio

Dr Andrew Lilico

Dr Andrew Lilico
Chief Economist, 2009-2010 Read Full Bio

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