Can A Government Really Impact Upon The Economy?
As many across the UK look at an alternative to the Labour government some are starting to wonder what difference there is between the likes of the Labour Party and the Conservative Party. Are they really able to put their stamp on the economy? Do they really make a difference?
At this moment in time the difference between the policies of the Labour Party and the Conservative Party has never been as small. Labour stormed into power as New Labour and took a slice of the Conservative vote to finish off the Tory party for a short time. But now the Tories are back and the current Labour government is running out of steam and ideas.
Historically Labour has been a high taxation and high state benefits party, or as some might say 'Robbing the rich to pay the poor', but times have changed. The current government has similar policies and ideas to the Tories but the population have run out of patience, they are crying out for change - three terms in office is about the most any party can hope for these days.
In truth there are a number of options and strategies which any government can take to influence the economy a little, but the boom and bust scenario will always be there.
Share this..
Related stories
Where next for inflation?
As the financial markets around the world continue to try and come to terms with today's events it seems that one old foe which should be losing power will be the rate of inflation. Oil has fallen sharply today and is now under $100 a barrel for the first time since April and while inflation will probably rise in the UK before it falls, the 'fuel' has been taken away from the recent rise.
...
The CBI survey contradicts slowing retail sales growth
The CBI has today released a survey showing that many retailers in the UK believe there will be significant growth in the fourth quarter as the UK economy begins the long road to recovery. The survey showed that 41% of those involved confirmed their sales grew in October against just 33% who reported a fall. This 8% balance is up from 3% in September and is the best since December 2007.
Charity begins at home
Since the beginning of the ongoing recession, donations to UK charities have collapsed and the UK government, often a supporter of good causes, has also left the sinking ship. The sector is now very much smaller than it was at the start of the recession and even though many of the larger charities appear to be coping well, there have been significant hits across the board. So what next?
UK rent costs to increase faster than house prices
23/12/2015 Surveyors have warned that the cost of renting a property in the UK could rise faster than house prices over the next five years. The Royal Institute of Chartered Surveyors (Rics) have released research that shows in five years time tenants could be paying at least 25% more than they are paying now thanks to the governments moves to discourage buy-to-let landlords. The Governm...
Read MoreTory party to set up a new consumer champion
As part of the Tory party's wide-ranging restructuring of the UK financial sector a new consumer champion will be set up to protect the rights of consumers in the UK. The move has been well received in the markets as has the wider issue of stripping all power from the FSA (Financial Services Authority) and reverting to the pre-1997 system which saw the Bank of England the main regulator of the UK...
Read More