Last week’s announcement by the Chancellor that he intends to pass a law to require all future governments to run a budget surplus “in normal times” engendered more accusations that he is playing politics with economic policy. However, the principle of running small surpluses seems prudent from an economic standpoint given the high starting point for debt.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services