Mutually assured silence: a cross-party 2015 election strategy
The Institute for Fiscal Studies gave one of its cheering presentations today on quite how miserable things are going to be for a good while longer. Today’s event was on the forthcoming spending review, but the IFS and Institute for Government also offered some predictions about the long-term economic picture. In a briefing note, the two organisations warned that we are likely to have not one but two austerity elections. It said: ‘If the UK experience proves to be as drawn out as the Canadian one, we should expect not just 2015 but also 2020 to be an austerity election. Spending reductions are set to be a long-term feature of