By Neil Mcnaughton
This article examines the entire very important matters in British politics on account that 1945, together with a consultant to the altering political tradition of england in that interval. it's going to end up useful to scholars learning politics at A2 point, because it covers all of the very important concerns required by way of the most analyzing forums.
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This article examines the entire very important concerns in British politics considering that 1945, together with a advisor to the altering political tradition of england in that interval. it's going to end up worthy to scholars learning politics at A2 point, because it covers the entire vital concerns required by way of the most analyzing forums.
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Extra resources for Understanding British and European political issues
Adopt the French system. There is a subsidised insurance scheme combined with a national service which does provide a wide range of services free. In other words, it is a hybrid system, part state funded, part privately funded but with incentives to keep the cost of health care down to a minimum. This was clearly an attractive option, but it was rejected, partly because it would have been opposed by health practitioners and partly because the French experience is that services are patchy, with excellent services available where private insurance provides the funding, and poor state run services.
Concentration on controlling inflation as the main priority. • Privatisation of many major industries such as telecommunications, gas, electricity generation and supply, railways, steel, car industry, water. • Less reliance on fiscal policy, more on monetary controls – interest rates, money supply and sterling exchange rates. • Reduction in trade union power to make labour markets more flexible. • Reductions in direct taxes on personal and corporate incomes, replaced by higher indirect taxes.
Thirdly, Brown also understood that inflation was not an acceptable price to be paid for other economic policies. These three lessons were to make a significant impact on New Labour’s economics of the third way. Fundamentals of the third way When Labour took power in 1997, its first Chancellor, Gordon Brown, was very clear as to what economic principles to adopt. They were as follows: 1 Supply-side economics is, in general, effective. However, it is not enough to assume that the production side of the economy will grow satisfactorily if left to its own devices by government.
Understanding British and European political issues by Neil Mcnaughton