In the 24th IEA Discussion Paper, David B. Smith takes an historical perspective on the 2009 Budget forecasts. His analysis concludes that the budget deficit will reach levels that are unprecedented in peacetime.The government's preferred market-price GDP measure overstates national output...

In the 24th IEA Discussion Paper, David B. Smith takes an historical perspective on the 2009 Budget forecasts. His analysis concludes that the budget deficit will reach levels that are unprecedented in peacetime.The government’s preferred market-price GDP measure overstates national output...

Big government may be coming back into fashion. Public spending in Britain – especially on services such as health, education and transport – is on the increase. But how likely is it that more spending will result in better services?In this new Yearbook, Peter Warburton assembles evidence...