Reeves warned against 'mistakes of the past' repeat on spending cuts

In a letter to the chancellor published in the FT, a group of prominent economists and former civil servants clamoured for the government to avoid public investment cuts and instead "implement a pro-investment fiscal framework that focuses on long-term fiscal sustainability".  "In the upcoming Budget it is essential that the government recognises the important role that public investment must play in the decade of national renewal," the letter said.  Signees of the letter included academics across multiple universities, such as: Simon Wren-Lewis, emeritus professor of economics at the...