Fiscal Policy & Regulation
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Fiscal Policy & Regulation
Looking at Fiscal Policy, primarily in the UK
Curated by Bruce Fellowes
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Hammond could and should have ended his crippling freeze on benefits | Business | The Guardian

Hammond could and should have ended his crippling freeze on benefits | Business | The Guardian | Fiscal Policy & Regulation | Scoop.it
Of course Brexit creates uncertainties. But the chancellor has funds available now to fulfil the pledge to end austerity

Via Graham Watson
Graham Watson's curator insight, March 17, 2019 4:30 AM

Today's Observer business leader starts with an attack on austerity - and the Spring Statement, suggesting that, instead of simply keeping his powder dry for an unanticipated costs of Brexit, he could have chosen to abandon austerity and heed the Office for Budgetary Responsibility's view that the public finances are improving and that debt interest payments are going to fall.

 

It's certainly something worth considering - and keeping an eye on as we go forward.  

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Record UK government borrowing surplus in January

Record UK government borrowing surplus in January | Fiscal Policy & Regulation | Scoop.it
Analysts say the bumper surplus could give the chancellor extra money for the Spring Statement.

Via Graham Watson
Graham Watson's curator insight, February 21, 2019 9:24 AM

Good news for the public finances - not a phrase I've often used, but in this case, it's true. Government finances were in surplus by nearly £15bn, last month, in large part as a result of the month being the deadline for self-assessment tax returns. 

 

However, given the current uncertainty, it's less clear as to whether this means that the Spring Statement will see him announce increased spending, and whilst government borrowing has fallen to just over £21bn, it still means that the size of the national debt is increasing. 

Nickole Whitmer's curator insight, May 12, 2019 8:39 PM
National Debt??
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Plastics tax eyed in litter crackdown

Plastics tax eyed in litter crackdown | Fiscal Policy & Regulation | Scoop.it
Takeaway boxes, disposable cups and cigarette filters are some of the plastics that could be taxed.
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Why is there no Budget this March?

Why is there no Budget this March? | Fiscal Policy & Regulation | Scoop.it
The Spring Budget was the most important economic statement of the year, but then it moved to the autumn.
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Spring statement policies look to Brexit and a hi-tech future | UK news | The Guardian

Spring statement policies look to Brexit and a hi-tech future | UK news | The Guardian | Fiscal Policy & Regulation | Scoop.it
Chancellor promises a global Britain and announces funds for science and digital projects

Via Graham Watson
Graham Watson's curator insight, March 14, 2019 9:03 AM

The Guardian's brief summary of specific initiative contained in the Spring Statement. Contrary to popular belief, there is more to it than Brexit.

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Tax rises of £40bn 'needed by mid-2020s' to cut deficit

Tax rises of £40bn 'needed by mid-2020s' to cut deficit | Fiscal Policy & Regulation | Scoop.it
The government will need to collect more tax to keep spending constant, warns the IFS.
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Chancellor’s spring statement is chance to sweeten years of austerity | Business | The Guardian

Chancellor’s spring statement is chance to sweeten years of austerity | Business | The Guardian | Fiscal Policy & Regulation | Scoop.it
Cheap borrowing since 2010 has fuelled property purchases and cappuccinos rather than skilled jobs and improved infrastructure
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