Public spending reform could make Labour radical in power

Article Abstract:

The UK Labour party has committed itself to extensively restructuring public spending if it wins the forthcoming general election. However, it will stick to the existing departmental spending targets for the current financial year and to the existing overall total in 1998/1999. The party will not seek across-the-board spending cuts, as the Conservative government has done, but will move money from low- to high-priority areas. A new Labour government seems to promise fiscal orthodoxy, but this approach to public spending would make it more radical than is generally expected.

United Kingdom, Government spending policy

---

Blair's promises fail to soften Northern grit

Article Abstract:

Businesses in the county of Lancashire are not particularly opposed to the Labour party's economic and business policies, but are not convinced that the party would be able to put these policies into action if it won the next general election. They emphasise low interest rates and inflation as the most vital elements for business recovery, pointing out that long-term investment decisions can only be made in a climate of stable inflation. The Labour party will still have to work very hard to gain the trust of the business community.

Beliefs, opinions and attitudes, Businessmen

---

Old master's theory fails to solve New Labour dilemma

Article Abstract:

Economist John Maynard Keynes, who died in 1946, advocated increasing public spending to create public sector employment as the way to deal with unemployment. This approach is being rejected by the modern Labour party, which is focusing on supply side policies, such as improved education, as the way to boost economic growth and create the incentives which will lead to greater employment. Keynes' ideas were also rejected by the Labour party of the 1930s, which has a number of parallels with the modern Labour party.

Influence, Keynes, John Maynard

Similar abstracts:

• Abstracts: A true Budget for women would be much more radical. Brown learns from past mistakes and errs on the side of caution
• Abstracts: BBC could be worth 7bn pounds sterling in a sell-off. John Birt: the devil and the BBC. Former BBC executives slam 'bloated' institution
• Abstracts: Bungle made tanker accident a disaster. Chinese takeaway called to the rescue. But who takes the blame?
• Abstracts: How liberal is new Labour? Labour promises a new Camelot. Silence of Britain's political lambs

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.