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This is the fourth report from the Treasury Committee (HCP 385, session 2010-11, ISBN 9780215554796), and looks at the Office for Budget Responsibility. The Office was established by the Chancellor of the Exchequer and given responsibility, as an independent body, for the Government's budget forecast. The Committee sets out a number of recommendations for the body to succeed in its' independent role, including: a) establishment of the OBR as an institution with its own legal personality; b) a requirement on the OBR to act transparently, objectively, and independently; c) a clear remit and set of core tasks; d) a requirement that the responsible select committee should have a veto over appoin...
Discusses the contribution of ERM membership to Britain's economic performance. This book suggests that Britain joined the ERM 'in despair' after trying various methods of controlling monetary growth without the success that had been anticipated. It discusses how the membership was a precondition for the adoption of a stable monetary arrangement.
Monetary and fiscal Policy : Present successes and future problems, 3rd report of session 2003-04, Vol. 2: Evidence
This book presents a coherent framework for understanding the dynamics of piecewise-smooth and hybrid systems. An informal introduction expounds the ubiquity of such models via numerous. The results are presented in an informal style, and illustrated with many examples. The book is aimed at a wide audience of applied mathematicians, engineers and scientists at the beginning postgraduate level. Almost no mathematical background is assumed other than basic calculus and algebra.
In 'Black Wednesday', Alan Budd discusses the contribution of ERM membership to Britain's recent economic performance. Budd suggests that Britain joined the ERM 'in despair' after trying various methods of controlling monetary growth without the success that had been anticipated. Whilst membership of the ERM did not happen at an ideal time, because of serious imbalances within and between member economies in the late 1980s, it did provide a discipline to reduce inflation that might have been difficult to maintain without membership. The author discusses how membership of the ERM was a necessary precondition for the adoption of the stable and successful monetary arrangements that Britain has today. Samuel Brittan, Tim Congdon and Derek Scott provide commentaries on Budd's analysis. Congdon and Scott in particular have reservations about the case that Budd makes. This collection provides an important contribution to the analysis of a very significant event in Britain's recent economic and political history.
A guide to the nature, purpose, and place of public service television within a multi-platform, multichannel ecology. Television is on the verge of both decline and rebirth. Vast technological change has brought about financial uncertainty as well as new creative possibilities for producers, distributors, and viewers. This volume from Goldsmiths Press examines not only the unexpected resilience of TV as cultural pastime and aesthetic practice but also the prospects for public service television in a digital, multichannel ecology. The proliferation of platforms from Amazon and Netflix to YouTube and the vlogosphere means intense competition for audiences traditionally dominated by legacy broa...
An exploration of Labour's 1931 pledge to create a planned socialist economy and the reasons for its failure to do so. In the general election of 1931, the Labour Party campaigned on the slogan "Plan or Perish". The party's pledge to create a planned socialist economy was a novelty, and marked the rejection of the gradualist, evolutionary socialism to which Labour had adhered under the leadership of Ramsay MacDonald. Although heavily defeated in that election, Labour stuck to its commitment. The Attlee government came to power in 1945 determined to plan comprehensively. Yet, the aspiration to create a fully planned economy was not met. This book explores the origins and evolution of the promise, in order to explain why it was not fulfilled. RICHARD TOYE lectures in history at Homerton College, Cambridge.
The Way the Money Goes traces out what happened to the UK's fiscal constitution - the framework for planning and controlling public spending - under three different governments (Conservative, Labour, Conservative/Liberal Democrat) from the early 1990s to the mid-2010s. The book tells the story of what happened under each government and combines narrative with vignettes that range from the funding of a new Treasury building to efforts to 'crowdsource' ideas for spending cuts. It also includes chapters devoted to different domains of spending control, namely capital spending, spending by subnational governments, running cost expenditure, fiscal forecasting, and the development of new accountin...
Drawing on a wide range of unpublished material and observations gathered from his visit to Yugoslavia in 1999, Michael Parenti challenges mainstream media coverage of the war, uncovering hidden agendas behind the Western talk of genocide, ethnic cleansing, and democracy.