Abstract
Our purpose in Chapter 5 is to describe the components of the UK fiscal system and to provide an up-to-date statistical analysis of government expenditure, taxes and borrowing. We do not seek to discuss the philosophy and mechanics of fiscal policy as such, which is left to the concluding chapter because it is unhelpful to discuss fiscal policy independently of monetary policy. Furthermore, it is impractical to discuss the use of policy instruments until all of the relevant policy objectives have been thoroughly reviewed, and their interrelationships assessed.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Bank of England (1990) ‘The Net Debt of the Public Sector: End-March 1990’, Bank of England Quarterly Bulletin (November).
Cmnd 1432 (1961) Control of Public Spending ( London: HMSO).
Cmnd 9714 (1986) Paying for Local Government ( London: HMSO).
Cm 441 (1988) A New Public Expenditure Planning Total ( London: HMSO).
Cm 1520 (1991) Public Expenditure Analyses to 1993–94. Statistical Supplement to the 1990 Autumn Statement ( London: HMSO).
CSO (1990) ‘International Comparison of Taxes and Social Security Contributions in 20 OECD Countries 1978–1988’, Economic Trends (November 1990).
House of Commons (1991) Financial Statement and Budget Report 1991–92 ( London: HMSO ).
Jackson, P. (1990) ‘Reflections on the Growth of Public Expenditure’, British Review of Economic Issues (June).
Kay, J. and M. King (1990) The British Tax System ( Oxford: OUP) 5th edn.
Levitt, M. and M. Joyce (1987) The Growth and Efficiency of Public Spending ( London: NIESR).
Local Government Act 1988.
Local Government Finance Act 1988.
Local Government and Housing Act 1989.
OECD (1991) ‘The Public Sector: Issues for the 1990s’, OECD Working Paper No. 90 ( Paris: OECD ).
Robinson, W. (1990) ‘How Should Savings Be Taxed?’, National Westminster Bank Quarterly Review (November).
Editor information
Copyright information
© 1992 Peter Curwen
About this chapter
Cite this chapter
Curwen, P. (1992). Spending, Taxing and Borrowing. In: Curwen, P. (eds) Understanding the UK Economy. Macmillan Texts in Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22278-0_5
Download citation
DOI: https://doi.org/10.1007/978-1-349-22278-0_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-57444-7
Online ISBN: 978-1-349-22278-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)