How others do it

Article Abstract:

Britain was one of the few industrial nations to drastically reduce its public spending, as measured as a percentage of gross domestic product, during the 1980s. This places it in a much more economically competitive position for the '90s, but there is little learn from other nations if the trend is to continue.

International aspects, Government spending policy, Entitlement spending

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Hanging in the balance

Article Abstract:

The current-account deficit is a poor measure of the international financial strength of Britain. A major flaw is the exclusion of capital gains from the current account balance. Capital gains make up a large part of the returns on investments and equities.

Budget deficits

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Why services are different

Article Abstract:

Industrialized nations are seeking to curb inflation rates. Headway has been made in the manufacturing industries. Service industries, however, have increased their prices since 1990.

Prices and rates, Statistics, Inflation (Finance), Services industry, Service industries, Inflation (Economics)

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