budget headlines since 1998 (telegraph)
eu calls for uk fiscal tightening (bbc 03/30)
labour and conservatives discuss closing the deficit (bbc 03/10)
uk fiscal issues latest (pdf 03/10) t2u
from last month:
“The bulk of this fiscal consolidation should be borne by reductions in government spending, but that process should be mindful of its impact on society’s more vulnerable groups. Tax increases should be broad-based and minimise damaging increases in marginal tax rates on employment and investment”
1/ What is a structural budget deficit?
2/ Why do the economists favour cuts in government spending over higher taxes?
3/ Can you think of broadly-based tax increases that might be introduced?
4/ Why are the economists concerned about the impact of higher marginal tax rates on employment and investment?
economists call for deficit cut (the times 02/10) bbc article
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