Time has Come to Make Our Cash Go Further ; Monday View Andrew Haldenby Director of Independant Think Tank Reform
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Summary
COULD this be the time for the Government to adopt a new economic policy? The run-up to the Budget has been dominated by events in the financial markets and the vicissitudes of Northern Rock. But this month marks a much more meaningful change in the economic landscape. Let's hope the Chancellor takes note and uses Wednesday to launch a fresh approach to raising the UK's long term growth potential.
This month is the last of the series of massive public spending increases that began in April 1999. The balance of the economy is radically different. Public spending as a share of the economy has risen by five percentage points (the highest increase of any major OECD country over the period). The tax burden is rising to its highest level for twenty years. The national debt has risen by a quarter.See the full content of this document
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Time has Come to Make Our Cash Go Further ; Monday View Andrew Haldenby Director of Independant Think Tank Reform
This was conspiracy, not cock-up. On the one hand the Government increased spending on factors such as research and development or enterprise. On the...
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