Policy and its effect on Public services Economists employed by the government are involved in implementing policies, which were especially established to meet government 's objectives that are very often multidimensional. There are four very fundamental objectives for viable economy, including decreasing the unemployment rates in certain regions, lower or stabilise the inflation, constant economic growth and a satisfactory balance of payments position. The UK economy continues to suffer from a number of underlying structural weaknesses. The government is now set on providing the economic framework, which will enhance the opportunity to raise a sustainable rate of economy growth, (Anderton, 2006). Economic growth also known as …show more content…
There are many questions what arise from the topic of the economic growth. For instance, how can nations speed up their economic growth? There are many successful strategies to self-sustained economic growth. According to Keynesian policy prescriptions, long term growth can be achieved through structural policies such as supply-side policies, which would improve the long term performance of the economy. Supply-side policies emphasize incentives and tax cuts as a means of increasing economic growth. Such policy was espoused by President Reagan in the USA, but also Prime Minister Thatcher in Great Britain, (Nordhaus & Samuelson, 2005). Supply-side economists argue, that high taxes lead people to reduce their labour and capital supply. Arthur Laffer has suggested that the high tax rates might actually lower tax revenues, (Nordhaus & Samuelson, 2005). This Laffer-curve preposition holds that high tax rates shrink the tax base because they reduce economic activity. However, mainstream, economists doubt the Laffer preposition that cutting tax rates would increase tax revenues, ref. They believed that there 's a need for a radical restructuring of the tax system called supply-side tax cut, REF. According to this philosophy, reform should improve incentives by lowering marginal tax rates . This would lead to lowering tax burden on high-income individuals, but also encourage productivity and supply
M1: Explain the importance of public service skills using examples from at least two contrasting public services.
|Your first task is to write a special news article where you must report on three examples of current affairs that affect |
The government will take cuts from the amount of power the British army has, this means that the army would have limited amount they can do to win wars and help other countries with their problems. The British Army presence in Germany will end by 2020 this means that The Basing Plan sets out the location changes for the Army and also confirms the drawdown of all units from Germany by 2020. The plan has transitioned into a delivery Programme and this will affect most areas of the Army as more than 100 units will relocate over the next six years. Overall personnel numbers will drop by 7,000 to 95,500 this means people from the army
Improvement in the UK economy is usually dependant on the improvement of four major factors, economic growth, balance of payments, unemployment and inflation. This should lead to steady economic growth that would lead to a steady increase in the productive capacity in the economy. Income tax is the percentage of income that people are taxed upon that is given to the government. There are many policies that can be used to tackle these certain goals, for example fiscal and monetary policy. Fiscal is a change in government spending or taxation, an example of fiscal policy is to reduce taxation and thus give consumers more spending power, hopefully increasing economic activity. Monetary policy is centred on interest rates, for example reducing
In this assignment I am going to analyse how government policies are developed, covering all aspects of the policy making process.
The performance of the UK economy depends very much on the level of Aggregate demand within the economy. AD=C+I+G+(X-M). The UK economy can be judged by a number of key indicators mainly sustainable economic growth, low inflation (target 2%), a surplus on the
The government has been implementing policies in the improvement of the growth in the UK. Such as improving economic growth during the Great Depression and the recent financial crisis. A brief history by (Pettinger, 2016) on the use of fiscal policy, Keynes promoted the use of fiscal policy as a way of boosting growth. Moreover, during 1970-1980s the government switched to using monetary policy in influencing the economy. However, the government later reverted to using the fiscal policy in the recession of 2008-2013. Whether or not fiscal policy is the key policy in the process of improving economic growth is the issue.
Assess the likely impact of UK Government labour market policies on any three macro-economic objectives. Refer to the information and to your own knowledge (30)
The National Government manage the education system. They are responsible for the education budget for the state system and to ensure that every child of school age receives an education, this is also enforced by local government. They govern the policies of what happens in school with regards to the curriculum. Any changes to be implemented are sent out for input by anyone associated with the education system before being made. Their aim is to educate children
Another desirable effect of economic growth is increased tax revenue, the government receives more money from tax payers with out having to increase tax rates. If people are earning more, the more money they will pay in tax, the more money companies make the more tax they must pay to the government. The more money the government gains in tax revenue the more they can do to improve the country, they can invest in transport and infrastructure, they can make improvements to health care and they may even need to employ more people further reducing unemployment.
The United States’ government has a responsibility to ensure the safety and security of its citizens and in doing so creates what is called public policy. The simplest way to describe public policy is an action that is taken by a government in order to address issues that they are facing. Public policy as its name states is generated through the government process such as the legislative branch. In order to address these issues the legislative branch enacts laws and regulations.
Moore, Turcotte, Winter and Walp, of the University of Calgary’s School of Public Policy, recently undertook a series of surveys of Canadian residents to establish baseline energy literacy levels in the general population and within the business and policy leader and Aboriginal-Canadian populations (Moore, Turcotte, & Winter, 2012; 2014, Moore, Turcotte, Winter & Walp, 2013). For the purposes of their study they defined energy literacy as “a term that reflects a composite of consumer’s values and knowledge regarding the energy system that supports daily activity in the home, commerce and industry” (Moore, Turcotte, Winter & Walp, 2013, p. 1). Their findings suggest Canadians have a good general knowledge of energy use and relative cost; however they also show that they’re deficient in their knowledge of energy fuels, sources, and the relationship these have to environmental impacts (Moore, Turcotte & Winter 2012). Interestingly, this knowledge deficiency was not only prevalent in the general population, but also within the ranks of our business and policy leaders, the very individuals influencing and deciding on energy policy issues (Moore, Turcotte & Winter & Walp, 2013). A 2015 energy literacy survey conducted by Alberta Oil magazine has reinforced concerns about low energy literacy levels. This survey indicated that only 31.1 % of respondents consider themselves well informed about energy. However, the same survey also found that less than 28.6 % of respondents correctly
State your idea. Identify the level of government that will adopt the policy and the targets of the policy.
Since the global financial crisis of 2008, the UK government has been implementing various policies to combat the recession and stimulate economic growth. This essay will look at how effective the fiscal and monetary policies used since the crisis are in achieving the four-macro economic objectives. In addition, I will provide my input on the best way the UK government can carry out these policies.
Government policy can be described as the declaration that defines the objective of the priorities and goals of the government. Since these policies outline the rules, role, and procedures, they develop a framework in which the government and its citizens can carry out their specific duties. The public policies are created by all governmental levels and target the entire population or particular groups. The process of developing these policies involves the engagement of governmental officials and citizens. On the other hand, politics of government provide the platform for the development, establishment, and implementation of public policy. Therefore, the politics of government are the platform with which public policies are adopted and implemented.