Brown kills tax and spend once and for all

Article Abstract:

UK shadow chancellor Gordon Brown has taken a very significant step for the Labour party in making a commitment to keep spending at the levels set by chancellor Kenneth Clarke until the end of 1998/1999 if the Labour party wins the forthcoming general election. Some observers feel that this will prove a very difficult policy for the Labour party to stick to, especially as it has also promised not to increase taxation. However, there are other areas in which a future Labour government could raise funds, and increasing taxation would not actually have helped very much.

Labour Party (United Kingdom), Tax policy

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Take some corrective measures, add a fair wind

Article Abstract:

It is possible that new UK Chancellor Gordon Brown may be able to introduce a number of measures which will make the public sector borrowing requirement disappear altogether in the foreseeable future. Indeed, particularly favourable economic conditions could eliminate public sector borrowing by the end of the 1998-1999 fiscal year. Public sector borrowing could be positively affected if Brown decides to reduce or even eliminate altogether advance corporation tax. However, it must be realized that the UK would still face economic difficulties.

Finance, Economic policy, Public sector, Brown, Gordon (British politician)

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Clarke gambles on another year of restraint

Article Abstract:

The UK government is determined to give the impression of taking effective action to reduce the real level of public spending. However, it does not intend to actually reduce the extent of the public sector, and also wishes to be seen as a strong defender of public services. It is making small reductions in public spending, but is taking no steps to ensure that demand for public services is reduced.

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