Funny money Budget could be poisoned chalice
Article Abstract:
Overall UK government public spending will be reduced by around 7 billion pounds sterling over the next three years. However, chancellor Kenneth Clarke's 1996 Budget also contained a commitment to investing more in health and education, and this seems incompatible with reduced public spending. A certain amount of the new money promised for health and education is actually not new at all, and some areas of public spending will be greatly reduced in order to fund additional spending in other areas. The proceeds from the sale of government assets are also being counted as cuts in spending.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Why the politics of public spending do matter
Article Abstract:
Recent events provide some evidence to support the view of Andrew Tyrie, former adviser to the UK Treasury, who believes that the forces limiting the rise in public spending have been greatly strengthened by the free movement of capital. Indeed, there have been changes in recent years in the conduct of both monetary and fiscal policy in the UK, and these indicate that institutional arrangements can have a significant impact on the quality of monetary and fiscal decisions. There is some evidence to indicate that the rise in the public spending ratio can be reversed.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
The low dishonesty of the Budget debate
Article Abstract:
The UK's politiciansconstantly present a very unrealistic view of taxation and public spending to ordinary people.The Conservative party promises tax cuts without damaging the standard of services, while theLabour party promises improved services without higher taxes. Chancellor Kenneth Clarke willface a particularly difficult time has he prepares his next Budget, as he is committed to reducinggovernment borrowing while the government as a whole has promised to reducetaxes.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Nanny may not know best, but she's cheap. I haven't got my tickets to the World Cup - and I don't care
- Abstracts: Porridge mixed with politics. Joan Fitzgerald. The politician who lives like a prince
- Abstracts: Everyone gets a say in the city of angels. Danger - Pilger still at large
- Abstracts: Anger at treatment by postcode for infertility Republican wrongs don't make Bill Clinton right. Infertility rites, Harley Street wrongs
- Abstracts: When gold fades into grey. The lady is for learning. Make 'em laugh, make 'em vote