Shrinking the welfare state
Article Abstract:
The new government of the UK should make cutting government spending their first priority. If the budget could be cut to 40% of the GDP, not only would the deficit disappear, tax could be cut as well. Further privatization of industry and reductions in the welfare state could achieve this goal.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Waiting for growth
Article Abstract:
Britain should not invite higher interest rates by devaluing sterling. Prime Minister Major should directly address unemployment by tightening benefits rules, insisting that jobless people who are offered a job should take it, and by shortening the duration of unemployment payments.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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John Major's finger job
Article Abstract:
The Major administration's inflation control strategy in the wake of the 1992 European currency crisis emphasizes reducing government spending. However, the pressure to increase spending to avoid recession will increase, given the pound's devaluation.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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