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Spending, Taxing & Borrowing

In: Understanding the UK Economy

Author

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  • Peter Curwen

Abstract

Our purpose in Chapter 3 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. It does not seek to discuss the philosophy and mechanics of fiscal policy as such, which is left to the concluding Chapter 9, 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.

Suggested Citation

  • Peter Curwen, 1990. "Spending, Taxing & Borrowing," Palgrave Macmillan Books, in: Peter Curwen (ed.), Understanding the UK Economy, chapter 3, pages 103-130, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20586-8_4
    DOI: 10.1007/978-1-349-20586-8_4
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