Fiscal PolicyDavid Cameron has claimed that the cut in VAT from 17.5% to 15% has had no effect and is a waste of money. The government basically argues that they had to do something to stimulate spending.
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Selection of news stories relevant to the Intermediate 2, Higher and Advanced Higher Economics courses at SMC.
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2009
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January
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- BBC Recession Tracker
- 70,000 jobs slashed worldwide
- Return to Protectionism?
- How quickly could the UK economy recover?
- Pound close to 23 year low
- UK inflation falls to 3.1%
- UK Economy Downturn "Frightening"...
- Bank reduces rate to 1.5%
- Higher Economics January Plan (Mr Irvine)
- 2008: The Year Britain's Bubble Burst...
- Slovakia joins the Eurozone
- Cameron attacks VAT cut...
- Bank set to cut rates again - but how low will the...
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January
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