How would you spend £38bn?
As the amount the government have pumped into the banking system in the UK continues to rise, the Guardian looks at what else this huge sum of money could be spent on.
Mnemonic Monday - Fiscal Policy
This weeks mnemonic is the way my students remember what fiscal policy is.
read more...»Q&A on spending cuts
Talk of cutting government spending seems to be almost a daily occurrence in the national newspapers at the moment. This BBC article makes a good read for students to help them find out more on what might be proposed and why it needs to happen.
Cut spending or raise taxes?
The government have a lot to think about if they are to prevent what some economists are calling a possible double dip recession. However they must consider the future and the large debts that have already been accumulated. The Labour party see the way forward as maintaining spending and increasing taxes, one idea being the new 50% tax on earnings over £150,000. The Conservatives on the other hand think that the only way ahead is to cut government spending.
Where did all the money go?
Another fantastic interactive guide, this time from the BBC. Since the markets began to tumble in 2008, governments around the world have spent almost $11 trillion bailing out failing banks and trying to repair the financial system. This interactive guide shows where the money went and what it means for the tax payer.
Winners and losers of the car scrappage scheme
New car registrations were up 2.4% in July this year, showing the scrappage scheme is finally starting show its effects on the car industry. This is the first increase since April 2008.
