The great fiscal policy debate - this one will run and run….

Tuesday, November 17, 2009
Print RSS Tweet This! Save this entry to my Favorites

Stephanie Flanders, the BBC Economics Editor, is assessing what might happen to fiscal policy after the election next year. She has produced reports for the BBC news which can be accessed from her Stephanomics blog, and produced a discussion piece which draws upon current opinion as well as historical evidence to predict the likely differences and similarities between the political parties. As she says, both parties would expect to announce tough budget plans if elected - and both would tend to delay most of the pain until 2011 or 2012, when the economy is more firmly on the mend. There is a nice historical piece about Geoffrey Howe’s tax raising budget in 1981, and a reference to the pro’s and con’s of Vince Cable’s proposal to raise revenue by a “mansion tax” on houses worth more than £1m - one problem being that there are rather fewer of those houses now than there were a few months ago.

Many A level students will be voting for the first time in this most important of elections, in which fiscal policy is surely going to be one of the hottest topics, and I would love to give them some of the elements of this discussion to evaluate as they prepare to be some of the better informed new generation of the electorate.

Rate this article:   

Print RSS Tweet This!


ECONOMICS TEACHER RESOURCE NEWSLETTER

Join over 6,000 other Economics Teachers in the UK and around the world who receive the tutor2u regular Economics Resource Email Newsletter. Get special offers, first news of latest resources, teaching ideas, conferences and workshops + loads of great ideas for teaching economics from our blog authors.

*  Your Email Address:
*  Preferred Format:
    AS/A2 Economics Board:
    GCSE Economics Board:
*  Country:
    Full Name:
    Job / Position:
    Postcode:
    School / College:
    Town / City:
*  Enter the security code shown:

Comments

Name:

Email:

Location:

URL:

Smileys

Remember my personal information

Notify me of follow-up comments?

Submit the word you see below:


Most Popular Topic Tags on the Economics Blog

recession, demand, economics, unemployment, prices, inflation, investment, price, trade, employment, costs, profit, debt, supply, euro, gdp, risk, downturn, confidence, china, competition, capacity, tutor2u, production, expectations, exports, incentives, manufacturing, oil, pay, housing, sterling, food, banks, revision, profits, mortgage, globalisation, property, innovation, usa, retailers, borrowing, slowdown, deflation, productivity, entrepreneur, moodle, emissions, supermarkets, dollar, airlines, aqa, efficiency, budget deficit, infrastructure, keynes, monopsony, externalities, protectionism, consumption, inequality, bank of england, welfare, competitiveness, wealth, google, strategy, elasticity, depression, economist, behavioural economics, output gap, economic cycle, government failure, vle, opec, tim harford, stocks, depreciation, credit crunch, saving, poverty, jobs, monopoly, uk economy, cars, carbon, spare capacity, environment, eu, carbon trading, management, wages, oligopoly, evaluation, subsidy, environmental, interest rates, national debt, india, fiscal stimulus, market failure, rsa, multiplier effect, climate change, macroeconomics, dan ariely, cpi, losses, skills, regulation, behavioural, imports, steel, commodities, lse, construction, japan, minimum wage, farming, opportunity cost, apple, bbc, paul mason, brazil, greece, monetary policy, itunes, relative poverty, quantitative easing, agflation, cartel, sovereign debt, newsnight, aviation, intervention, single market, population, imf, currencies, rpi, germany, stagflation, contestable, aqa economics, current account, choices, oecd, ucas, open source, facebook, amazon, survey, taxes, balance of payments, quiz, price discrimination, iphone, savings, ebea, twitter, nationalisation, stephanie flanders, royal economic society, economics revision, keynes society, taxation, pricing, redundancies, speculation, ireland, mpc, information failure, scarcity, robert peston, trade deficit, currency, pollution, aggregate demand, stakeholders, eton college, development, tariffs, tragedy of the commons, liquidity, microsoft, vat, ocr economics, immigration, fiscal policy, crowding out, ecb, fdi, merger, london, capital, yuan, supply chain, brics, income elasticity, federal reserve, subsidies, shipping, barriers to entry, economies of scale, us economy, hamish mcrae, human capital, russia, shareholder, coffee, comparative advantage, recovery, rationality, allocative efficiency, crude oil, tesco, robert frank, animal spirits, philip allan updates, budget, petrol, edexcel economics, reputation, nhs, obama, advertising, creative destruction, suppliers, poverty trap, consumer surplus, broadband, price capping, liquidity trap, waste, startups, happiness, collapse, discrimination, roger bootle, standard of living, oxbridge, gini coefficient, dynamic efficiency, northern rock, contestable market, david smith,
All tags

Login to the tutor2u Moodle VLE

Latest entries

Categories

Monthly Archives

Syndicate