Rejected petition Actually CUT government spending

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Most people think that government spending is being cut - it is actually still growing. Every 1% growth in government spending crowds out private sector investment, and reduces long-run GDP by 0.1%. The Institute of Economic Affairs has published a paper (http://www.iea.org.uk/publications/research/sharper-axes-lower-taxes) which points out cuts in spending & cuts in taxes that could be made which would make britain more competitive, boosting long-run gdp gowth

This petition was rejected

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There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

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Date submitted 7 August 2011
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