The Battle for the Economy is on

24 04 2009

Battle for the Economy, Institute of Ideas

EVENT
Battle for the Economy
16 May 2009 (9.30 am-6.00 pm)
Googdenough College, London

On Wednesday we had a nothing budget from a politically exhausted and demoralised government.  There was a populist and financially meaningless tax rise for the rich but almost no recognition in any of the measures, or in the debate around the budget, of what we could be doing to tackle the deep seated problems of the UK economy.

This would not be so bad if there was an opposition with better ideas waiting in the wings. However the Tories have promised only one thing, to take a harder line on public spending than Labour has projected to do. In fact even this is not a real difference, for if Labour did win the next election against the odds it too would cut spending. The only reason Labour is not saying that now is to avoid alienating even further an already deeply discontented electorate.

Recently there have been efforts to suggest that the recession is coming to an end. It is certainly possible that the rate of decline is slowing . That does not mean that the recession is over, nor that there is any certainty of an early upturn. What is certain however is that the most important problems are still not being addressed. In the UK that includes the whole issue of excessive public spending.

In the coming year there will be a great deal of discussion about cutting  public sector spending. The public sector will account for around 48% of the UK economy by next year and there are no doubt parts of it which we could do without. The question of the role of the state in our society could do with a thorough examination, but it should not begin with what are the easiest parts to cut, but what kind of state we need and what role it should play.

It is issues like these which need to be subjected to the maximum public debate.  From the various discussions I have taken part in recently it is clear that many people have very strong views and opinions, some of them quite sensible, about what should be done. The dead nature of our political process means that there is very little opportunity for serious public discussion which can involve us all.

On May 16th (2009) The Battle for the Economy  conference, organised by the Institute of Ideas will begin to do just that. As you will see from both the speakers and the sessions, the Conference will directly address difficult issues led by speakers who are well informed about the background to the problems we face. I would urge you to buy your ticket now.

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