The government is: The government’s long‑term economic plan has secured the recovery.
The government’s fiscal responsibility has allowed monetary activism to support demand in the economy alongside repair of the financial sector.
In the autumn, the government will set out plans to deliver the remaining £20 billion of consolidation measures required to achieve the surplus following a rigorous Spending Review process. Underpinning the government’s approach is a commitment to reward work and support aspiration.© Crown copyright 2015 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated.To view this licence, visit uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected] fiscal rules will cement this fiscal path, and ensure that governments run surpluses in normal times.To achieve the surplus in 2019-20 the government will undertake around £37 billion of further consolidation measures.
Since 2010, the government has pursued a long-term economic plan that has halved the deficit as a share of economy in 2014, employment has reached record levels, and wages are rising above inflation. At 4.9%, the deficit remains too high, and productivity remains too low.