Fiscal policy under New Labour

Article Abstract:

The fiscal policy of the New Labour from May 1997 to 2007 is evaluated begining with the macroeconomic performance during that timeframe. It is argued that the relative stability in macroeconomics during said period was not caused by the fiscal policy but by changes in the fiscal stance that offset differences in private expenditure.

Fiscal Policy, Evaluation

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Structural change under New Labour

Article Abstract:

The specific features of structural change in the UK is examined for the 1997 to the 2007 timeframe. The causes of structural change and its implications are also examined. It is suggested that the major effect of government policy on regional employment could have been through the multiplier effects of public spending.

Employment, Administration of General Economic Programs, Jobs & Employment, Expenditures-Total Govt, Expenditures-State Govt, Influence, Expenditures, Public, Public expenditures, Regional economics

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De-industrialization and the balance of payments in advanced economies

Article Abstract:

De-industrialization as a secular decline in the share of manufacturing in national employment is defined. The British balance of payments and documenting how improvements in the non-manufacturing sphere have helped offset a worsening performance in manufacturing trade have been examined.

Forecasts, trends, outlooks, Forecasts and trends, Economic conditions, Market trend/market analysis, Industrial development, Industrialization

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