UK budget deficit to the rescue
November 20, 2008 at 07:37 AM EST
[Skip to the end] The combination of ‘automatic stabilizers’ and proactive fiscal will reverse the downturn in the UK. Unfortunately they waited too long for the proactive adjustment so they are suffering with the forces that drive the automatic stabilizers- Falling revenues and rising transfer payments: U.K. Budget Deficit Widens as Recession Saps Taxes By Jennifer Ryan The U.K. budget deficit [...]