School of Economics | Letter of 365 economists – did they really get it wrong?

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16 Sep Letter of 365 economists – did they really get it wrong?

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Tejvan Pettinger The March 1981 UK budget was controversial. In a period of rising unemployment, recession and high inflation. The government pursued deflationary fiscal policy trying to reduce inflation. The chancellor increased taxes by a total of £4 billion, with the aim of reducing inflation and...