IEA: Radical policy changes needed to stabilise long-term fiscal position |

Guido Fawkes | "Loongate" is the political equivalent of the "Ratner Moment". Gerald Ratner moc...
- 12:02
- Guido Fawkes
Paul Waugh | Sayeeda Warsi was 'Tory co-chairman' w/ Andrew Feldman. Now @grantshapps + Feldm...
- 11:43
- Paul Waugh
Alex Belardinelli | Reassured to see that it only took til 9.42 this morning for a @Swiveleyedloons ...
- 11:21
- Alex Belardinelli
Alex Massie | The swivel-eyed loons in the Conservative party are revolting. And they are righ...
- 10:58
- Spectator
WHO RUNS UK? PM weak, shrill, despised by his MPs who are bullied by loons and M...
- 10:19
- Paul Flynn Mp
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours
PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
- Sign up to see last 24 hours

IEA: Radical policy changes needed to stabilise long-term fiscal position

Institute of Economics Affairs press release

Commenting on a third major credit agency putting the UK’s AAA credit rating on negative watch, Philip Booth, Editorial Director of the Institute of Economic Affairs, said:

"The chances of a UK credit downgrade next year must be “fifty-fifty”. The event of a downgrade itself would not be catastrophic. However, it would reflect deep underlying long-term fiscal problems.

"Not only are we adding to the national debt very rapidly each year of this parliament, in addition there are strong fiscal headwinds from an ageing population. These are shared with other developed countries – including the US – and it is difficult to see how we can avoid a fiscal meltdown or long-term economic stagnation without radical policy reform."

Phi Wire Hand Picked Politics - Live

PoliticsHome. All Todays Politics In One Place

Press Release

Press Releases