Bagaria, Nitika; Holland, Dawn; Reenen, John Van - Centre for Economic Performance, LSE - 2012
In 2009-10, the UK's budget deficit was about 11 per cent of GDP. A credible plan for fiscal consolidation was introduced in the UK over the fiscal years 2011-12 to 2016-17. In this paper, we assess the impact of the scale and timing of this fiscal consolidation programme on output and...
