Mark Littlewood of the Institute for Economic Affairs (IEA) in London, recently reported that Liam Fox "called for a more radical plan to tackle the deficit and encourage economic growth." Mr. Fox noted that "tough-sounding rhetoric about getting the nation's public finances under control is not being matched by the brave policies actually needed to achieve this aim."
Oh there's talk about balancing the budget and reducing the deficit here as well, but if history is our guide, we know what the actual results will be.
So what's the "radical" proposition? "Freeze public spending for as long as five years." Read more here…
That's right, freeze it at current levels, which are astonishingly high and have been increasing now for decades.
Canada did it with great success some time ago. Why can't we?