Cost Quote by Lucy Powell
“Doing nothing and shrinking spending may save us public money in the short term but could cost us a great deal more over time as the recession takes hold for much longer.”
About This Quote
Source Speech: House of Commons debate, 2023
Critiques short‑term fiscal austerity, warning that it may cause greater long‑term costs during prolonged recession.
In simple terms: Short‑term cuts save money now but cost more later.
Key Takeaway
Consider long‑term impacts before cutting spending.
Themes
economics
fiscal policy
recession
public spending
long‑term planning
Mood
analytical
concerned
Type
political
economic
strategic
When to use this quote
- budget planning
- policy drafting
- economic forecasting
- public communication
Key Concepts
macroeconomics
public finance
policy analysis
cost‑benefit analysis
Questions to Reflect On
- What alternatives exist to short‑term cuts?
- How can policymakers balance short‑ and long‑term goals?
A Different Perspective
Immediate savings can be politically appealing despite future risks.
![“[Photography is ] likewise even French impressionists. So the Sculls bought pop. It was politics, and they moved with it. And I think that could be happening, to some degree, with photography, too. It doesn't cost as much to do it, either.” quote by Garry Winogrand](https://sms4smile.com/quotes/img-quotes/2eb/garry-winogrand-2342_cost_photography-is-likewise-even-french-impr_2802.jpg)
