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Sharing the Proceeds of Growth’

Conservative Economic Policy under David Cameron

Bibliographic Data

ID10358559
AuthorsPete Dorey (0000-0002-5213-644X, Cardiff University, corresponding author), Peter Dorey
Year2009
Volume80
Issue2
Pages259-269
Publication date2009-04-01
Open AccessYes
TypeARTICLE
VenueThe Political Quarterly (JOURNAL)
Journal identifiersISSN: 0032-3179 • E-ISSN: 1467-923X
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1467-923x.2009.01984.x
OpenAlexW1982227765
LanguageEN
Citations received9

Upon becoming Conservative leader, David Cameron, and his Shadow Chancellor, George Osborne, initially sought to compete with Labour by pledging increased expenditure on education and the NHS, and thereby insisting that tax cuts would have to wait. Rather than cutting taxation overall, the emphasis was on restructuring and simplifying Britain's tax system, and shifting the burden towards the better off, mainly thorough promoting environmental taxes. However, the economic collapse at the end of 2008 has prompted the Conservatives to modify this new economic stance, by insisting that they will no longer match Labour's planned increases in public expenditure, but, instead, will increase it at a lower rate. This is intended to reduce the need to increase government borrowing during the recession, and thereby ensure that when the economy recovers, the proceeds of economic growth can be shared between higher public expenditure and lower taxation, rather than being spent on repaying government debt for many years ahead

Debt · Economic policy · Economics · Government (linguistics · Labour economics · Macroeconomics · Public economics · Public expenditure · Public finance · Recession · Restructuring · Shadow (psychology · Finance · Housing, Finance, and Neoliberalism · Political and Economic history of UK and US · Social Policy and Reform Studies

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Citations per year0.56
Citation span2010 - 2020 (11)
Highly citedNo

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