A former International Monetary Fund economist says today that the British government is wrong to hold to the idea that cutting public spending – and tax – would damage public services. Professor Vito Tanzi says the 21st Century has begun with some of the highest levels of public spending and the taxes needed to pay for them.In a pamphlet published by Politeia the professor, who was Director of the Fiscal Affairs Department at the IMF for 19 years from 1981, asks if governments will now bow to the political and economic case for cutting?
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