Supply-side policy Flashcards
1
Q
4 Labour market measures
A
Lower rates of income tax (corp tax falling to 18%)
Reduced welfare benefits (WTFC and child benefit)
Education and training
Trade union reforms (T+G shrunk from 2m to 0.7m 1980 to 2000)
2
Q
3 Product market measures
A
Privatisation
Competition policy
Deregulation
3
Q
Actions of government
A
HS2 railway
Mandatory education until 18
Tax allowances on investment up to £500,000
