Abstract
The latest sterling crisis has raised the prospect of further cuts in public expenditure. It is widely believed that expenditure cuts may be forced upon the Government as a condition of the IMF loan now being negotiated, and there is a considerable body of opinion in this country which would welcome such a condition being imposed. Controversy about the level of public expenditure in the UK, and its significance in the country's present economic difficulties, has been continuous during the life of the present administration. The purpose of this article is to identify and comment upon the main arguments in this debate.
| Original language | English |
|---|---|
| Pages (from-to) | 25-31 |
| Number of pages | 7 |
| Journal | Quarterly Economic Commentary |
| Volume | 2 |
| Issue number | 2 |
| Publication status | Published - Oct 1976 |
Keywords
- public expenditure
- Scottish economy
- Sterling crisis
- expenditure cuts
- economic growth
- government spending
