Economic and Welfare Policy

Bibliographic Data

ID23201102
AuthorsClaire Annesley (0000-0003-3521-9144), Andrew Gamble (0000-0002-4387-4272)
Year2004
Pages144-160
Publication date2004-01-01
Peer ReviewedYes
Open AccessYes
TypeCHAPTER
VenueGoverning As New Labour (SOURCE_BOOK)
PublisherMacmillan Education UK (PUBLISHER)
DOI10.1007/978-1-4039-4055-1_9
OpenAlexW2607207118
ISBN9781403940551
LanguageEN
Citations received8

Since the Labour Government's election in May 1997, its economic policy has had two main strands: a strategy for delivering macroeconomic stability; and a one for providing employment and economic opportunities to all by tackling supply-side barriers to growth (Balls, 1998). Establishing strong and stable public finances was seen as the pre-condition for achieving sustained economic growth and improvements in productivity and investment, and economic growth in turn was regarded as the pre-condition for increasing spending on public services and tackling poverty. The important political point was that sustained economic growth and stable public finances took priority over spending; the government made it clear that it would only increase spending when it was prudent to do so.KeywordsPublic SpendingEuropean Central BankWelfare PolicyInflation TargetLabour PartyThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Economic welfare · Economics · Market economy · Welfare · Gender, Labor, and Family Dynamics · Housing, Finance, and Neoliberalism · Social Policy and Reform Studies

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