Robert Colvile: Borrowing for defence still adds to spending levels

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10 hours ago

Robert Colvile: Borrowing for defence still adds to spending levels — Borrowing for defence compared to Germany

Borrowing and spending to increase defence commitments still count as borrowing and spending, according to Robert Colvile.

He contrasted Germany's years of fiscal discipline, which allowed it to build up a significant war chest, with the lack of similar measures in the U.K.

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Colvile has previously warned that a proposed quadruple lock could create a sharp tax increase for pensioners earning just £1 over the threshold. In another analysis, he reported on Andy Haldane's endorsement of the Conservative strategy focusing on private sector growth over public spending. These insights add context to his latest comments on fiscal discipline and defence spending.

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