Confessions of an "independent" economist

The new liberal/conservative government soon after taking power set up an "independen" Office of Budgetary Responsibility.  Its first chairman was Alan Budd who, in a previous life, was a senior economic advisor to the 1979 Conservative government.  In this clip he looks back at that Government's economic policy and shares his "nightmare".

The nightmare for those made unemployed, homeless and denied health care was very real.