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Le Monde:
Les ambiguites de la reprise britannique

7 May 2015

... 400 000 emplois publics supprimes La realite est pourtant que son mandat a ete divise en deux parties. L'essentiel des mesures de rigueur a ete realise dans les deux premieres annees: hausse de la TVA, reduction drastique des depenses d'investissement, baisse des allocations sociales... ''Selon les calculs de l'Office for Budget Responsibility - organisme officiel de l'Etat -, cette politique a fait perdre deux points de croissance pendant les deux premieres annees'', rappelle John Van Reenen, directeur du Centre for Economic Performance.
... 400 000 deleted public employment reality is yet that its mandate was divided into two parts. The bulk of rigorous measures has been achieved in the first two years: VAT, drastic reduction in capital expenditures increase, decrease social benefits... ''According to the calculations of the Office for Budget Responsibility - official agency of the State -, this policy did lose two points of growth during the first two years'', recalls John Van Reenen, Director of the Centre for Economic Performance.

This article was published by Le Monde (France) on May 7, 2015
Link to article here


Related publications
'Austerity: Growth Costs and Post-Election Plans', John Van Reenen, CEP 2015 Election Analyses No.20, March 2015
Details here
'#ElectionEconomics: The Research Evidence on Key Issues for Voters in the 2015 UK General Election', Centre for Economic Performance, CEP 2015 Election Analyses No.34, April 2015
Details here

Related links
John Van Reenen webpage
Productivity and Innovation Programme webpage

Read more... Le Monde