Andrew Haldenby

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

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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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From my desk, as I write this, in a lofty room in the Rosewood Hotel in Phnom Penh, I can look down at the bustling streets and see the concrete, mosque-meets-spaceship dome of the Cambodian capital’s famous Central Market. Which also happens to be the place where, 20 years ago, I ate the single most

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