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Macroeconomics in the News: Payrolls in U.S. Rose 175,000 in May ...

Macroeconomics in the News: Payrolls in U.S. Rose 175,000 in May ... | Economics | Scoop.it
Micro and Macro Current News articles and corresponding assignable exercises are available now in all MyEconLab titles through a “Current News” option within your MyEconLab course. Today's topic covers payrolls and ...
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Rescooped by Emily Stanley from Macroeconomics: UK economy Pre-U Economics
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Spending through the decades

Spending through the decades | Economics | Scoop.it
What is happening to the composition of public spending?

Via Graham Watson
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Graham Watson's curator insight, June 25, 2013 4:22 AM

This detailed look at changing patterns of government spending is a boon for all UK macroeconomists. The government is looking for a 2.8% reduction in spending in real terms, and this trend is destined to continue with total spending being around 20% lower in 2017-18 than it was in 2010-11. Of course, what some of this conceals is the fact that a large portion of the earlier high spending was a function of bailing the banks out of their crisis.

However, within these overall cuts, the changing composition of spending is worth looking at: unsurprisingly, the areas where non-Conservative voters are likely to be interested will see tha largest cuts. We might also reflect that if we really want high quality public services, we are going to have to pay for them...but are tax rises politically acceptable?

You decide...