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The Fiscal Crisis of the United Kingdom
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The Fiscal Crisis of the United Kingdom

1st ed. 2005

Book Details

Format Paperback / Softback
ISBN-10 1349508934
ISBN-13 9781349508938
Edition 1st ed. 2005
Publisher Palgrave Macmillan
Imprint Palgrave Macmillan
Country of Manufacture GB
Country of Publication GB
Publication Date Jan 1st, 2005
Print length 250 Pages
Ksh 8,100.00
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The system for allocating public expenditure to the nations and regions of the UK has broken down. Money goes to the English regions by poorly-understood formulae that work badly. People in every region think that the system is unfair to them.
The system for allocating public expenditure to the nations and regions of the UK has broken down. Money goes to Scotland, Wales and Northern Ireland by the notorious Barnett formula, but this is collapsing and cannot last long. Money goes to the English regions by poorly-understood formulae that work badly. People in every region think that the system is unfair to them. The Fiscal Crisis of the United Kingdom suggests how the system could be fixed, drawing lessons from Australia and Canada. It recommends a Territorial Grants Commission.

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