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Should Experts Set The Fiscal Rules?
We’re back from our Easter break, and since we were last on the airwaves a book has been published by a certain former UK Prime Minister arguing – among other things – that elected politicians are unduly constrained by unelected technocrats, and that ministers should be freed from such fetters in order to enable them better to represent the will of the people. Not least, the book argues for scrapping the UK’s Office for Budget Responsibility, which currently offers advice on the likely implications of different fiscal policy decisions.
Well Liz Truss is – for better or worse – not our guest…
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