Home » Posts tagged "economics"

Tag Archives: economics

Public sector finances, UK: January 2024


Find the ONS bulletin on the public sector finances for January 2024, here.

Tags:

Improving our Public Finances and Cutting Taxes


We must get serious about our public finances; the United Kingdom has lived beyond its means for far too long. The Government’s response to our economic circumstances has shown that it is willing to make unpopular decisions in order to bring our public finances under control. The Government Actuary’s Department has stated that the UK risks defaulting on its age-related spending commitments in just twenty years. This is a deeply troubling situation and one that requires great fiscal restraint as […]

Tags: , , , ,

“What has Steve Baker ever done for Wycombe?”


It has been an honour to work for Wycombe since I was first elected in 2010 as its MP. Whether it is running around West Wycombe, seeing a performance at the Wycombe Swan Theatre, exploring our beautiful countryside, or enjoying the culinary delights that our diverse community brings, it has been a pleasure to live in Wycombe with my wife all these years. Given I have had a large national profile over the past decade, the work I have done […]

Tags: , , , , , , ,

Cutting Taxes for Hard-Working People


When the Prime Minister came into office, he pledged to halve inflation and grow the economy. Having taken the difficult decisions to bring our public finances under control, we can clearly see that the plan is working. There is still more to be done, but inflation is falling, and our fiscal standing is improving. As a low-tax Conservative, I believe it is right that the tax burden on hard-working people should be as low as possible. Now that the wellbeing […]

Tags: , , , ,

A look back on the past year


Christmas is a special time for many of us across Wycombe, and it provides us all with an opportunity to reflect on the year gone by. Through the challenges of the year, I have been glad to represent Wycombe and I am proud of much of what has been achieved. Not all is doom and gloom. For example, this year has seen record amounts of funding being allocated to schools in Wycombe, with over £90,000,000 being committed to improving educational […]

Tags: , , , , , ,

Autumn Statement – The Government is Cutting Taxes


I was pleased to attend the Chancellor’s Autumn Statement on Wednesday, in which he announced the biggest collection of tax cuts since the 1980s. The wellbeing of public finances affects everyone in Wycombe and across the UK, which is why three of the five promises made by the Prime Minister when he entered office were related to the economy —halving inflation, reducing government debt, and growing the economy. While, as a low-tax Conservative, I am always concerned with making sure […]

Tags: , , , , ,

Update From Westminster: The King’s Speech


On Tuesday, His Majesty The King delivered the first King’s Speech in over seventy years. The speech outlined this Conservative Government’s legislative agenda for this session of parliament. Instead of short-term politicking, Rishi Sunak’s Government has focused on taking long-term decisions to deliver a brighter future for Britain. From cutting inflation, to growing the economy, to keeping people safe and promoting our national interests, the Government is on course to deliver on its promises for people in Wycombe and across […]

Tags: , , , , , ,

Defaulting on the Welfare State


It is vital that MPs consider the serious implications of our current public debt commitments and public debt projections. On current projections, the UK will default on its welfare state commitments, including those related to pensions. We must move our debt projections to a sustainable path. The reports that this briefing looks at highlight the need to take a long-term view of our public finances.

Tags: , , , ,

Are We In The Largest Bubble in History? – An Austrian School Analysis by Steve Baker MP & Max Rangeley


It is often discussed how central banks saved the world economy following the 2008 Global Financial Crisis. In reality, monetary policy has created an even larger bubble than that which burst in 2008. But the trend has now been going on for a generation – from the 1980s onwards, every recession has been met by creating an even larger debt bubble. This has been done by cutting interest rates to “stimulate” the economy out of recession, but when they are […]

Tags: , , , , ,

Comprehensive Spending Review 2020


Post Image

Today, the Chancellor of the Exchequer announced his Comprehensive Spending Review. The review set out the Government departments’ resource budgets for the years 2021/22 to 2023/24. Here are some of the Chancellor’s main points: New funding that takes the budget for coronavirus vaccines over £6 billion, part of over £18 billion to fund preventative coronavirus measures An additional £254 million investment to help reduce rough sleeping and homelessness The new £2.9 billion restart scheme to help more than one million […]

Tags: , , ,

← Older posts