Is there a growth dividend from a large government majority?

With both Labour and the Conservatives this week ruling out increases in income tax, national insurance and VAT, it remains difficult to see how cuts to public services can be avoided after the election. But Labour in particular will be hoping that “securonomics” provides a boost to the economy that limits the need for tax rises. If Labour win as large a majority as anticipated, that may not be as fanciful as it first appears.