All posts tagged: Economy

What are the key issues for the British Economy?

The state of the economy has consistently ranked among the top two or three issues for the British electorate during the general election. In a populus poll, 69% of voters said that the economy was ‘very important’, with 92% saying either it was ‘very or fairly’ important. There are several issues that are the main focuses and concerns of the Chancellor and the government as a whole (as well as the shadow chancellor and the opposition).

Weekly Parliament Roundup: 5th -10th January

‘Empty chair’ threat for Cameron if he doesn’t participate in TV debate Miliband, Clegg and Farage have recently expressed the fact that they are ready to ‘’empty chair’’ David Cameron by going ahead with the leaders’ election debates on TV without Cameron if he keeps on stressing upon his demand that the Green Party leader Natalie Bennet also takes part. The leaders’ wishes might come true as Ofcom and the TV broadcasters are able to legally ‘’empty chair’’ Cameron, as long as his views are represented within the debate. Cameron’s recent insistence on the Green Party joining the debate if he is to participate has been seen by the other leaders as his attempt to go Green again and that this is his ‘’Naked device to sabotage the TV debates, by tying up the broadcasters in interminable red tape’’. Ed Miliband plans four million doorstep visits in bid for No 10 Ed Miliband is urging Labour activists to carry out four million conversations with members of the public before the general election in May. According …

The coalition government’s deficit reduction programme

The coalition agreement states that “the deficit reduction programme takes precedence over any of the other measures in this agreement”. Deficit reduction is the raison d’être of the coalition government, and so it is always important and relevant to analyse how far this flagship policy has been achieved. The Labour opposition have often criticised the coalition for cutting “too far, too fast”, and failing to find a healthy balance between the need for growth and the desire to cut. Although it must be considered that it is the Labour government who ultimately left an economic mess behind them, it can certainly be argued that the Conservative and Lib Dem coalition’s deficit reduction programme has gone too far and too fast in order to deal with the problem.

Weekly Parliament Roundup: 1/11/14-8/11/14

Merkel ready to let UK exit EU over migration rule changes It has been claimed that the German Chancellor Angela Merkel would rather see the UK leave the European Union than end the right to free movement of labour within the EU.Merkel reportedly warned David Cameron that he is approaching a “point of no return” if he continues to push for migration reform that requires fundamental changes to EU principles. Cameron wants to renegotiate the terms of the UK’s EU membership before holding an in-out referendum. He has said that the freedom of movement of workers would be at the “very heart” of his renegotiation strategy. But a German government source said: “Should Cameron persist, Chancellor Angela Merkel would abandon her efforts to keep Britain in the EU. With that, a point of no return would be reached. That would be it then.” A Downing Street spokesman said Cameron would make a speech on immigration before Christmas and stressed “You can be sure he will always put Britain first”. Norman Baker resigns with stinging attack on …

Woodhouse Weekly Pick of the Papers: 8th-15th September 2014

Fracking is a toxic issue for Conservative party grassroots Source: The Guardian As Topic: Elections A2 Politics: Environment Fracking has the ability to give the UK another supply for energy, which has the potential to drive down energy prices for the economy. However, this has caused great controversy in safe Tory seats, with constituents pledging to run anti-fracking campaigns and research from Greenpeace and the Guardian has shown that 120 safe seats have protest groups in them. On top of this, 31 of the 40 key marginal seats identified by the party have these protest groups. This bodes ill for the Conservative party, who have deviated from green policy.   The TTIP hands British sovereignty to multinationals Source: The Guardian A2 Topic: Economic Policy The TTIP is a treaty between the EU and the USA, being marketed by its champions as a economic stimulus package for ailing Europe, providing up to £100bn in extra growth. It is presented as a free trade agreement, but existing tariffs on either side of the Atlantic are already weak …

Woodhouse’ Weekly Pick of the Papers: 1st-8th September 2014

Pick of the Papers Examples to use for A-level Government and Politics exams. Click the links for articles and for more information. General Election 2015: Housing and childcare  to be Lib Dems’ manifesto keystones. Source: The Independent A2 Topic: Welfare AS Topic: Elections Summary: Nick Clegg has launched 300 new policies in the pre-draft of his manifesto before the Glasgow conference which takes place in october. and it has emerged that Housing and childcare are the main priorities that the Lib Dems will prioritise if there is another hung parliament. Promising to build 300,000 homes a year and £2.8bn a year in expansion it is a key part of the Lib Dems’ dream to ” to help all families with childcare support and nursery education right the way through from the end of parental leave to the start of school.” The Tories to them “are more bothered about helping only some couples through a married couples’ tax break.”   Scottish Independence: George Osborne offers Scotland fresh powers, but says no to sharing the pound. Source: The …

Weekly Parliament Roundup: 1st September – 5th September 2014

Weekly Parliament Roundup: 1St September – 5th September   No return home for British Jihadists? Following the recent Syrian Crisis, David Cameron’s unveiling of anti-terror laws on Monday failed to include specific proposals regarding the prospect of British born citizens coming back to the UK after being involved in acts of terrorism in Syria. Cameron emphasised on the fact that we need a ‘targeted, discretionary power to allow us to exclude Brit Nationals from the UK’ but he failed to state how we would go about in doing this. At the moment, this action would not be following the conducts of Law and order since removing the passports from returning British Citizens would not only be a breach of International Law but it will also be a breach of UK common Law. Despite this, the prospect of banning returning Brit Jihadists might be put into action soon as there have been possible proposals to provide the police with temporary powers to seize their passports. Even with this option, there are still difficulties with the legalities …

Weekly Parliament Roundup: 10th March – 16th March

Weekly Parliament Roundup: 10th March – 16th March New Budget to be announced by Osborne George Osborne will be announcing his 5th and final budget on Wednesday. Conservative Backbenchers want more tax cuts for middle earners and they also whish for changes at the level at which which the 40p tax rates kicks in. However, he insists that his priority is to increase the personal allowance on which no income tax is paid. Furthermore, Osborne apparently said that if more people pay 40p tax rate. This is supposedly good news for the conservatives and will boost aspirations as they’ll feel like they’ve succeeded. There might be some big increases in the growth forecast but there is still little room for manoeuvre and Ed Balls has recently accused the conservatives of failing to stem the UK’s cost of living Crisis. Michael Gove calls Eton filled Tory inner circle ‘Ridiculous’ In a recent interview, Michael was asked if he was comfortable being Education Secretary taking into consideration the fact that there are so many old Etonians within …

Weekly Parliament Roundup: 23rd February-2nd March 2014

Weekly Parliament roundup 23/02/14-2/03/14 Ukraine Crisis The Ukraine government is allegedly saying that Russia has declared war on Ukraine. As for now we don’t actually know what President Putin’s intentions are and he has discounted most of the sanctions they’ve been getting from the West. He doesn’t believe that the threats from Western governments will be a great deal and one of his main fears is the fighting in Ukraine, if opposition rises, Putin is unsure whether his Military will be able to handle the Ukrainian people efficiently. In regards to foreign relations, Putin doesn’t really care what Cameron has to say about the issue but but is more concerned over Obama’s reactions. William Hague has been in Kiev urging restraints and there have been recent worries about the consequences for Britain’s defence posture if we get involved. Should Britain be dragged into another conflict when our money is tight? We can only take action to calm the situation down as if the issue continues to escalate the way it is now, we might be …

Woodhouse Weekly Pick of the Papers: 24th Feb-2nd March

The Pick of the Papers (24/2/2014-2/3/2014) Woodhouse’ weekly pick of the papers is devoted to keeping A level politics students up to date with the political news and on track with the Unit 1 and Unit 2 syllabus. 1. MPs summon security services watchdog over Snowden leaks Source: The Guardian Politics Topic: Parliament Summary: Sir Mark Waller, the intelligence service commissioner has repeatedly refused to appear before the Home Affairs committee over Edward Snowden leaks and other counter-terrorism issues, which has lead them to summon him in front of MPs. This is a rare move which the parliamentary committee has the power to send for people and papers. Keith Vaz said that he was ‘disappointed’ by his refusal to their invitations and said that this summons is the first of this parliament.   2. Tony Blair backs Ed Miliband’s internal Labour reforms Source: The Independent Politics Topic: Party Policies and Ideas Summary: Miliband has received a morale boost as the former Labour leader has backed his reforms which will allow people to register as ‘registered supporters’ who at …

Weekly Parliament Roundup: 29th-5th February 2014

Weekly Parliament Roundup:  29/01/14-5/02/14 Conservative style Ofsted After the firing of Ofsted Chair and Labour peer Sally Morgan, Michael Gove has said that the next head of Ofsted will be appointed upon merit but has not yet ruled out appointing a Conservative peer.  A number of critics have been saying that Gove is trying to ‘politicise’ an independent body and the same argument has been said by Liberal Democrat Schools Ministers who have said that Gove is bringing his own people into an impartial organisation. However, Michael Gove has replied back by saying that it’s just time for a fresh pair of eyes and his decision on not ruling out the appointment of Conservative peers has nothing to do with politics. Formal Tests in Nursery Michael Gove has given an indication that he wants to introduce formal assessments for 4&5 year olds in order to measure progress more effectively. He believes that by children taking these assessments when they start school, their performance in year 6 will then be better contrasted. As a result, schools …

Weekly Parliament Roundup: 22nd-29th January 2014

Weekly Parliament Roundup: 22/01/14-29/01/14 50p Tax rate for the Rich: Ed Balls recently said that a future Labour government promises to achieve a budget surplus, falling national debt and a 50p top rate of tax for the rich. Businesses have criticised the third proposal by saying that it will harm the economy and put a stunt on job production. However, Ed Balls said that Labour’s Plans to reintroduce the 50p top rate of tax does not mean that the party is against business. Despite this, more business figures have said it is sending the wrong signals. Alistair Darling supported Ed Balls by saying that the timing for making this proposal was right since the General Elections are only about 15 months away. Even though there’s a lot of support for the proposal, Former trade minister Lord Digby called it ‘lousy economics’ in the sense that it might prevent businesses from investing in England. The Immigration Bill The Immigration bill was back in the Commons last week and Tory rebels have been threating to reinstate controls …

Weekly Parliament Roundup: 15th-22nd January 2014

Weekly Parliament Roundup 15/01/14 -22/01/14   Lord Rennard causes trouble for Lib Dems Former Chief Executive Lord  Rennard  has threatened to sue (according to his legal advisor) if he isn’t allowed to re-join the party in the House of Lords after he was accused with sexual harassment claims from several women and was found not guilty by the courts due to lack of sufficient evidence. Nick Clegg said that he should apologise to the women before he is allowed to join his peers in the House of Lords but Lord Rennard refuses to do so. Lord Rennard has been given a temporary suspension from his House of Lords seat. In the upcoming days and even weeks, the way in which Nick Clegg handles this situation will illustrate his leadership strength.   However, this disagreement is seen to be potentially very damaging to the Local and European elections in May for the Liberal Democrat Party. Chris Davis MEP, also a friend of Lord Rennard recently expressed his support for the former Chief Executive by stressing on …

Woodhouse Weekly Pick of the Papers: 13th-19th January 2014

Pick of the Papers (13/01/2014 – 19/01/2014) Woodhouse’ weekly pick of the papers is devoted to keeping A level politics students up to date with the political news and on track with the Unit 1 and Unit 2 syllabus. 1. UKIP tops Independent on Sunday Poll as the nation’s favourite party Source: The Independent Politics Topic: Party Policies and Ideas Summary: A shock to the Conservatives and the Labour Party as UKIP is seen as the nation’s favourite party. This will underline concerns that UKIP could come first in May’s European election and this could be potentially deny either the Labour Party or the Conservatives an outright majority in the 2015 general election.   2. Why the sudden Tory U-Turn on the minimum wage? Fear of Miliband Source: The Guardian Politics Topic: Party Policies and Ideas Summary: The Chancellor of the Exchequer reflects his party’s worry of Miliband and they are worried that Miliband is turning voters against them and onto things that matter. This is enough to stop a man who is wedded to his …

Would an A&E visiting fee be a ‘clear departure from the traditional NHS vision’

1/3 of GPs BACK £10 CHARGE OF A&E A poll carried out by Press Association for Doctors.net.uk with more than 800 family doctors found that 32% were in favour of the charge seeing it as the most cost effective way of cutting down on the people who could have gone to their GP or a pharmacist. One doctor argued: ‘If patients had to pay a £5 charge to attend A&E – that could be refunded for appropriate attendances – they would be more inclined to take their coughs to the pharmacist where they belong.’ Recent overcrowd and increased demand  of A&E have prompted some doctors to back the charge of either 10 or 5 pound to significantly reduce the number of  unnecessary visits where people are in no need of urgent medical attention. If the condition of a patient is shown to need attention then their money would be refunded to them. Around 30% to 40% of all visits to A&E could have been seen elsewhere because illnesses were minor or not urgent believed by A&E specialists.   …

Weekly Parliament Roundup:4th-11th December 2013

Parliament Roundup: 4/12/13-11/12/13 MPs to receive 11% pay rise: Click for a video explanation IPSA(Independent Parliament Standards Authority) have recently proposed to provide MPs with a pay rise of 11% which will increase their salary to £74,000. They have stated that there will be changes to the pension scheme which will save tax payer 2.5 billion pounds if the rise is to take place. Even though this might be seen as a great thing for the MPs, lots of them are scared to state publicly that they think it is a good idea. The main issue with this proposal is that it might be the wrong time to make such high rises in MP’s salaries when other public sectors are facing difficult freezes. However, of this proposal is to go ahead, it will take legislation in 2015 to stop this from occurring. The public might not like the sound of the proposal at first because many might feel that the MPs don’t deserve such a high pay rise as they have failed to improve costs …

Economic Policy differences and similarities – Labour and Coalition

1. Tax – Difference Labour argues that the Coalitions economic plans are hitting the ‘poorest, hardest’. The Conservatives have lowered the top rate tax to 45% and staged a decrease in corporation tax which is to be 20% by 2015. The corporation tax cut will cost the Chancellor 400m in 2015-16 and so he is taking a risk on business which links into a later point. The Labour party has said it would consider the mansion tax proposed by the Liberals. This was partly a political manoeuvre to appeal to the Liberals or cause tensions in the coalition but also to show they are the party on the side of the working class. Ed Balls claimed that the benefits of the rising of the personal allowance to £10,000 would be swamped out by the higher VAT and cuts to tax credits. Figures from the IFS supported this showing that one earner families would lose an average of just under £4,000. 2. The private sector – Difference Osborne went about such a strong cuts agenda believing …

Audio Report: BAE EADS merger

Today Programme: Friday 14th September An excellent report on the proposed merger between the British BAE Systems and EADS, a French and German company. This merger illustrates the tensions surrounding a strategically important company and Britain’s relationship with Europe and the US. http://alevelpolitics.com/wp-content/uploads/2012/09/Today-Prog-BAE1.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | RSS

A plan for growth?

At cabinet this week, David Cameron forced his colleagues to confront failures in the government’s economic growth strategy. It is often argued that elections are won and lost on the basis of the economy, and with a somewhat gloomy outlook ahead and a tumultuous past lingering, the government knows that the economy is its main focus for maintaining electoral support and the opposition know it as well.

Is a CBI suggested tax cut the right way for Osborne to bolster Britain’s economic stagnation?

With George Osborne’s 2012 Budget around the corner, and Britain on the brink of a double dip recession, amidst the Eurozone crisis, lobbying group the CBI has called upon the chancellor to use his 21st of March budget to drive growth by unlocking the potential of corporate balance sheets and helping businesses invest.

The RBS Bonus Controversy

The recent RBS bonuses have sparked controversy and debate among many politicians, but what’s it all about? Do not fear! We have been reassured by the chairman, Sir(?) Philip Hampton that the number of RBS millionaires was lower than a year ago – phew! (N.B the ‘Sir(?)’ picks up on David Mitchells point on 10 o’ Clock Live that titles such as Sir shouldn’t be removed but should be brandished on the peoples foreheads to show the demise of our society). In 2011, RBS made a loss of £2 billion. Yet while its bonus pool has almost halved since 2010, that still leaves £400 million to be divided up, on top of increased salaries. Last month chief executive Stephen Hester was forced to waive his bonus of almost £1 million following weeks of press, political and public outrage.