David Willetts: To grip the problems in the public finances we need to be honest about why they're in the state they are

David Willetts: To grip the problems in the public finances we need to be honest about why they're in the state they are

David Willetts is President of the Resolution Foundation. The process of preparing this Budget has been so messy and inept that we have lost sight of the economic and financial realities behind it. Here are the basic facts. The deterioration in the public finances in 2029 since the last Budget is estimated by us at Resolution Foundation to be about £13b. This is not as bad as some of the lurid figures in circulation. The OBR’s cut to its estimat…

To grip the problems in the public finances we need to be honest about why they’re in the state they are • Resolution Foundation

This article was originally published on Conservative Home. The process of preparing this Budget has been so messy and inept that we have lost sight of the economic and financial realities behind it. Here are the basic facts. The deterioration in the public finances in 2029 since the last Budget is estimated by us at Resolution Foundation to be about £13b. This is not as bad as some of the lurid figures in circulation. The OBR’s cut to its estim…