|Printable version||E-mail this to a friend|
IEA - Queen’s Speech: Fiscal rhetoric doesn’t match up to track record
IEA reacts to Queen's Speech
Commenting on the Queen’s Speech, Mark Littlewood, Director General at the Institute of Economic Affairs, said:
“The Government’s action doesn’t match up to their rhetoric. While the Queen’s speech promised fiscal responsibility, the Government’s track record to close the budget deficit is woeful. And talk of delivering hugely expensive projects like HS2 somewhat jars with this promise – public spending should be reduced where possible, not spent on vanity projects that make no economic sense.
“There is also cause for concern about certain manifesto promises that were not included. But further state interventions in labour and energy markets, including a price cap, are still in play and would do more harm than good to both businesses and consumers.
“The focus on preparations for Brexit is welcome and at least the Queen’s speech has promised to press ahead with consulting on the much-needed reforms of social care. This is vital to correct intergenerational inequality and mitigate a huge risk to future taxpayers.”
Queen's Speech 2017
Notes to editors:
For media enquiries please contact Nerissa Chesterfield, Communications Officer: firstname.lastname@example.org or 020 7799 8920 or 07791 390 268.
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems and seeks to provide analysis in order to improve the public understanding of economics.
The IEA is a registered educational charity and independent of all political parties.
Latest News from
NEF - Revealed: The £2.75bn childcare bill facing parents this summer20/07/2017 12:40:00
As schools break-up for six weeks of summer holidays, parents are faced with the impossible task of juggling work, childcare and all its associated costs.
JRF - Lopsided growth means millions of people across the UK falling behind20/07/2017 11:35:00
Campbell Robb, chief executive of the Joseph Rowntree Foundation (JRF), responded to the IFS report, Living Standards, Poverty and Inequality in the UK
IFS - Living standards, poverty and inequality: 201720/07/2017 10:35:00
This is a summary of the main findings of the IFS report published yesterday: ‘Living standards, poverty and inequality: 2017’.
IEA - Publication of BBC salaries calls into question their role as a broadcaster20/07/2017 09:35:00
Reaction to the publication of BBC pay