{"id":19257,"date":"2013-02-13T19:17:39","date_gmt":"2013-02-13T19:17:39","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=19257"},"modified":"2013-02-13T19:17:39","modified_gmt":"2013-02-13T19:17:39","slug":"i-agree-with-the-cbi-but-with-a-massive-caveat-attached","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/02\/13\/i-agree-with-the-cbi-but-with-a-massive-caveat-attached\/","title":{"rendered":"I agree with the CBI &#8211; but with a massive caveat attached"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.guardian.co.uk\/business\/2013\/feb\/13\/cbi-george-osborne-infrastructure-budget\" target=\"_blank\">Guardian reports<\/a>:<\/p>\n<blockquote><p>The CBI is to press for extra infrastructure spending from\u00a0George Osborne\u00a0in next month's\u00a0budget\u00a0after it cut its forecast for UK growth in 2013.<\/p><\/blockquote>\n<p>And I agree.<\/p>\n<p>But let's not get too excited about that, because the CBI wants this to be paid for with more austerity. And that's, very politely, economic madness.<\/p>\n<p>If we want toi get out of recession people need money to spend. And austerity is designed to reduce money\u00a0available\u00a0to spend. Infrastructure spending and austerity still guarantee recession.<\/p>\n<p>Infrastructure spending, an aggressive attack on the tax gap and keeping governemtn spending going will deliver results.<\/p>\n<p>The CBI recipe can't.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Guardian reports: The CBI is to press for extra infrastructure spending from\u00a0George Osborne\u00a0in next month&#8217;s\u00a0budget\u00a0after it cut its forecast for UK growth in 2013.<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/02\/13\/i-agree-with-the-cbi-but-with-a-massive-caveat-attached\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-19257","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/19257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=19257"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/19257\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=19257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=19257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=19257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}