Speaking to a Treasury select committee, when asked whether chancellor Brown could be described as prudent, four out of the five economists said they could not do so without qualification.
They also warned that Brown may be forced to raise taxes to meet his spending plans during the current parliament.
Brown was forced to increase borrowing to £20bn this year and £24bn next year but expects this number to decrease afterwards as the economy and company profits start to pick up again.
The economist, however, were concerned that the recovery of tax revenues will not pick up as quickly as has been anticipated in the pre-Budget report, which could leave a hole in the government’s figures.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements