We need spending cuts – not political gimmicks

Pledges by the main political parties to control prices and spur the housing market may be popular, says Matthew Lynn - but they won't help the economy.

Free school meals. Price controls on energy companies. More money thrown at the housing market. Freezes on fuel duty. So far, the party conference season has been three energetic weeks of political gimmicks.

So many pledges have been unveiled that it would be hard for even the most dedicated political wonk to keep track of them all and to work out what they might cost.

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Matthew Lynn
Columnist

Matthew Lynn is a columnist for Bloomberg and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years.