Moving from the financial crisis to sustainable growth
- Document type
- Cable, Vince
- Date of publication
- 15 September 2011
- Trends: economic, social and technology trends affecting business
- Business and management
- Material type
In this paper there are, nonetheless, five broad initiatives which can be taken to restore business and consumer confidence that are explored in greater detail in relation to UK economic policy.
- Unconventional monetary policy.
- Bank lending.
- Tax Cuts.
- Allowance of maximum fiscal flexibility.
- Creating greater market certainty to support business investment.
All of these policies need to be considered in the light of international cooperation. With financial markets in a febrile state, coordination to sustain demand is extremely important. That is why the government has been actively engaging with our international partners to ensure that the global response is properly coordinated.
This paper develops the reasoning behind these suggestions. It is part of a process initiated by Nick Clegg to develop
with colleagues a considered response to the challenge for UK economic policy by a deteriorating growth outlook.
The document is in the nature of a ‘green paper’ inviting comments from all those concerned to promote sustainable
growth. And it is necessarily speculative. At the time of writing, economic conditions are fast changing, as would be
the appropriate policy response.
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