Rishi Sunak, the UK chancellor, has already said he is “deeply troubled” by the OBR projections. EPA April 15, 2020 Coronavirus will drive public debt far higher than expected – but that doesn’t mean a return to austerity John Weeks, SOAS, University of London Why most debt and deficit projections are still way too upbeat.
Budget #1. EPA March 11, 2020 Budget 2020: new UK chancellor unveils £30 billion coronavirus fightback – but debt forecasts look optimistic Costas Milas, University of Liverpool The new chancellor’s plans won’t look half as prudent if the economy tanks.
Man the lifeboats! Miriam Doerr Martin Fromherz June 5, 2018 Italy’s new government is on a collision course with EU fiscal rules – it’s time for eurozone reform Anton Muscatelli, University of Glasgow The new coalition’s spending plans will ramp up Italy’s annual budget by over €100 billion a year.