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Budget: Key points at a glance

Budget: Key points at a glance | Macroeconomics - UK | Scoop.it
An at-a-glance summary of the main points of the 2013 Budget.
Abdurakhim Rakhimov's insight:

Sumary. 

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Rescooped by Abdurakhim Rakhimov from Royal Russell Economics Unit 2 Macro Economics
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Economy tracker: GDP

Economy tracker: GDP | Macroeconomics - UK | Scoop.it
Economy tracker: GDP - measuring UK economic growth

Via Nigelroccaa
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Nigelroccaa's curator insight, February 18, 2013 7:38 AM

All the latest figures on the state of the UK economy

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Osborne: Stick with us despite gloom

Osborne: Stick with us despite gloom | Macroeconomics - UK | Scoop.it
The chancellor halves his economic growth forecast - but announces measures to help businesses, homebuyers, drivers and beer drinkers.
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Rescooped by Abdurakhim Rakhimov from Royal Russell Economics Unit 4 Macro
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The chancellor's challenges

The chancellor's challenges | Macroeconomics - UK | Scoop.it
Chancellor George Osborne has some tough decisions to take because the economy has not been growing. So what is the right way to encourage that growth - borrowing more or cutting spending?

Via Nigelroccaa
Abdurakhim Rakhimov's insight:

Tough Decesion:

-National Income 3.5 lower than it was in 2008

-The longest sustianed decline in economic growth (since the Great Depression)

 

This leads to problems in gov. spending, public finance and taxes.

Cutting spending > to cut borrowing > may reduce economic acitivity > reduce the amount paid in tax > spending has to be cut more (Vicious Circle) 

 

BUT:

Could spend the way out of the reccesion

OR

Regulating spending, e.g. spending more on capital investment (crowding out and inefficiency argument (?)) 

 

Currently budget £121bn.

 

Borrowing might increase thr I.R. and "spook" International Investment, reducing credebility of the UK.

 

Tough Decesion. 

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Budget: Key points at a glance

Budget: Key points at a glance | Macroeconomics - UK | Scoop.it
An at-a-glance summary of the main points of the 2013 Budget.
Abdurakhim Rakhimov's insight:

Sumary. 

more...
No comment yet.
Rescooped by Abdurakhim Rakhimov from Royal Russell Economics Unit 2 Macro Economics
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Fuel costs push inflation to 2.8%

Fuel costs push inflation to 2.8% | Macroeconomics - UK | Scoop.it
UK consumer price inflation rises to 2.8% in February thanks in part to rising energy prices, including household fuel bills.

Via Nigelroccaa
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Rescooped by Abdurakhim Rakhimov from Royal Russell Economics Unit 4 Macro
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Budget 2013: Osborne ploughs on with austerity as rivals sharpen their knives

Budget 2013: Osborne ploughs on with austerity as rivals sharpen their knives | Macroeconomics - UK | Scoop.it
David Cameron gives support to chancellor, saying that there will be no turning back from deficit cuts

Via Nigelroccaa
Abdurakhim Rakhimov's insight:

-cuts can not be avoided at this stage

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