Andrew Haldenby

What to do if you can’t tax or borrow out of trouble

Today one Finance Minister in the British Isles cut spending, cut borrowing by 1 per cent of GDP compared to his last Budget and cut the national debt by 5 per cent.  It wasn’t Alistair Darling.

Brian Lenihan cut Irish public spending by 7 per cent (equivalent to a £40 billion cut in the UK). 

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