Sentences with phrase «crisis in public spending»

David Cameron and senior Tory sources have already made it clear they oppose giving Holyrood greater powers over taxation given the UK's vast deficit and the crisis in public spending.

Not exact matches

LeBreton's request comes in the wake of revelations of improper spending that has shaken public confidence in the upper chamber and left Stephen Harper grappling with his most serious political crisis to date.

The crisis, which has affected every level of government in the state, is a cautionary tale for not only public spending run amok but also independent investors taking too large of a risk by seeking high yields.

Nor is the problem that he went so far as to argue that the Court should «ignore» both the fact that the voucher program was initiated in response to a severe educational crisis in the Cleveland public schools and the fact that parental decisions about how to spend their vouchers were voluntary.

That's despite New Zealand heading into the global financial crisis with an economy in recession and massive public spending and debt levels.

The same Chancellor who still tries to claim that a global financial and banking crisis, which began in the USA and echoed round the world, was somehow caused by or made worse by levels of public spending here in Britain — when as Shadow Chancellor, before the crash, he had pledged to match Labour's spending plans.

The big banks, having caused the crisis in the first place and led governments to borrow vast sums to come to their aid, have successfully redefined the resulting fiscal deficits as entailing cuts to public spending and social protection.

To be fair, the credit crunch and the economic crisis which ensued simply helped shed light on an ongoing problem in public finance — excess spending.

The challenge for the Left is to develop a clear vision of what kind of economy it wants after the financial crisis, and the role that mutual organisations might play in an era of public spending austerity and loss of confidence in Anglo - American business models.

This is a tough and difficult situation that the economy is in, but the one thing we mustn't do is abandon public spending and deficit reduction plans because the solution to a debt crisis can not be more debt.

Republicans were certainly in retreat in 2008; but in watching the fights over health care reform and public spending it would seem that conservatism is alive and well and it is liberalism that is in crisis.

This was a catastrophic error as it has meant that the Tory narrative on the factors underlying the crisis — too much spending on a bloated public sector - has crystalized in the public consciousness and will be very hard to shift.

This is the conclusion of my paper, Free Universities, that the government's claim that «our student finance reforms will deliver savings to help address the large Budget deficit we were left» was disingenuous at best and that in fact the public spending crisis was used as an excuse to private higher education.

With the reasonableness of the provincial lawyer that he is, Darling muses that if Brown had come clean with the British public about the depth of the economic crisis and the urgent need to cut spending in the coming years, this could have brought success at the 2010 general election.

«This is a tough and difficult situation that the economy is in, but the one thing we mustn't do is abandon public spending and deficit reduction plans because the solution to a debt crisis can not be more debt,» he added.

In a sign of the depth of preparation by the party leadership, senior Conservatives said Cameron believes that he must spell out the depth of crisis in Britain's public finances by November and the scale of the spending cuts that will have to be introduced next yeaIn a sign of the depth of preparation by the party leadership, senior Conservatives said Cameron believes that he must spell out the depth of crisis in Britain's public finances by November and the scale of the spending cuts that will have to be introduced next yeain Britain's public finances by November and the scale of the spending cuts that will have to be introduced next year.

In retrospect historians may look at the period before the economic crisis hit as one of consensus politics: where the Conservative opposition stuck to Labour's public spending plans.

This, The Sunday Times tells us, «is higher than the 49.7 % peak reached when Denis Healey had to turn to the IMF for help in 1976, and underlines the scale of the crisis in the public finances and the even deeper cuts in spending that will be needed after the election.»

«The Tory plan is clear: use inflated fears of a debt and monetary crisis to justify massive public spending cuts and an increase in VAT now; blame it all on Labour's management of the economy; and use the resulting war - chest to cut income tax before the next election,» wrote Mr Balls.

He said the Government was in denial about the fact that public spending saved the economy from collapse during the banking crisis.

The Tories have been so successful at transforming a crisis of market failure into a crisis of public spending because they have stuck to a script: they've repeated the same arguments whenever a microphone has been pushed in their direction.

After all, neither Brill nor Guggenheim (or even other reformers, including those in the Parent Power movement) hold ed school degrees, are ensconced in think tanks, or have spent a day in a classroom — even though it doesn't take the possession of either credential to know that American public education is in crisis.

Of the approximate $ 500,000 that will be spent in the first year, according to ISD staff, nearly $ 90,000 will be devoted to public relations services that include «reputation and issues management and crisis response counsel.»

As I discussed in my last book, The Shock Doctrine, over the past four decades corporate interests have systematically exploited these various forms of crisis to ram through policies that enrich a small elite — by lifting regulations, cutting social spending, and forcing large - scale privatizations of the public sphere.

The reason: Special interest groups, with funding and support from Big Polluters, have spent decades on well - coordinated campaigns to spread doubt in the media and sway public opinion about the reality of the crisis.

In 2010, George Osborne presented an austerity budget to the House of Commons claiming that the country faced an economic crisis with an unsustainable public debt, then at 64 % of GDP, and a huge deficit, and that this was the fault of the outgoing Labour government, which had caused the 2008 financial crash due to profligate public spending.

Following a drop in public health expenditure by OECD nations during the global financial crisis, spending is beginning to gather pace again, according to an art... Read more