Sentences with phrase «fiscal squeeze in»

Even if all of George Osborne's proposals for further cutbacks between 2014 and 2017 were fully implemented, the total percentage point drop in expenditure would rank the current fiscal squeeze in fifth position out of the eight shown in the table.

Christopher Hood, and Rozana Himaz are co-editors (together with David Heald) of the forthcoming book When the Party's Over: The Politics of Fiscal Squeeze in Perspective, due to be published by Oxford University Press for the British Academy later this year.

The same applies to spending cuts in other countries in more recent times, such as Ireland in the late 1980s, or Sweden, Canada, New Zealand and Germany in the 1990s, which we compare in a forthcoming book When the Party's Over: The Politics of Fiscal Squeeze in Perspective.

In our analysis of 100 years of fiscal squeezes in the UK, we found that hard revenue or spending squeezes were associated with a 77 to 86 per cent likelihood of the incumbent parties in government losing at the next general election, compared with the 38 to 42 per cent likelihood of losing the next election that was associated with soft revenue and spending squeezes.

Not exact matches

States are caught in an extended fiscal squeeze caused by rising costs and lower tax receipts.

Buried in the federal government's recent Update of Economic and Fiscal Projections are figures showing the Harper government is set to squeeze federal government's role to the smallest it has been in seventy years.

They seldom delivered on the fiscal responsibility bit or the money in the bank, but they were pretty good at squeezing public services by keeping a lid on revenues other than user fees.

In our analysis, the rarest type of fiscal squeeze is «double hard» when governments reduce public spending and increase tax revenue both in real terms and as a proportion of GDIn our analysis, the rarest type of fiscal squeeze is «double hard» when governments reduce public spending and increase tax revenue both in real terms and as a proportion of GDin real terms and as a proportion of GDP.

A recent conference on the politics of fiscal squeeze explored some these issues and looked at how it has played out in different times and places.

And again the most recent fiscal squeeze seems to fit a trend in which increases in tax revenue have played a smaller part in fiscal austerity packages in the UK over the last 30 years than in earlier periods.

In those more recent fiscal squeezes, year - to - year cuts in public spending have been notably less deep than those imposed after both world wars or the «Geddes Axe» cuts initiated by the Conservative - Liberal coalition of the early 1920In those more recent fiscal squeezes, year - to - year cuts in public spending have been notably less deep than those imposed after both world wars or the «Geddes Axe» cuts initiated by the Conservative - Liberal coalition of the early 1920in public spending have been notably less deep than those imposed after both world wars or the «Geddes Axe» cuts initiated by the Conservative - Liberal coalition of the early 1920s.

«Hard» fiscal squeezes (coloured grey) are defined as increases in tax revenue or falls in public spending both in absolute (constant price) terms and relative to GDP (above a defined threshold); «soft» squeezes (light yellow) are revenue rises or spending falls in only one of those ways.

And over that more recent period (again in contrast to earlier episodes) there were no other forms of austerity imposed alongside fiscal squeeze, in the form of general wage caps, exchange controls or tight money policies.

Christopher Hood and Rozana Himaz's forthcoming book, A Century of Fiscal Squeeze Politics, will be published by Oxford University Press in the summer of 2017.

If the hundred - year pattern shown in our graphs is any guide to the future, austerity and fiscal squeeze is likely to reappear in the UK before too long.

Another long - term pattern in the historical evolution of fiscal squeezes is that an episode of hard revenue squeeze in order to fund extra public spending has not been experienced in the UK since the mid-1970s.

Based on his experience at the IMF, he commented on the remarkable depth of some of the fiscal squeeze cases discussed in the conference, given the political difficulty of cutting expenditure by more than 1 per cent of GDP per year.

So the table demonstrates that, in historical perspective, Osborne's strategy implemented on top of the cutbacks already made by the current coalition government would be unusual but not unprecedented in the length of the fiscal squeeze it would imply (seven years).

For example, the fiscal squeeze that began with the «Geddes Axe» under the UK's last Liberal - Conservative coalition in 1921 - 2 (and implemented in the following three years under three different governments) was also based on spending cuts alone, and went far deeper even than the plans announced by George Osborne.

In spite of how much impassioned talk there has been of austerity on both sides of the party - political divide, the table also suggests that the UK coalition government's overall cutbacks to date have been modest in comparison with the seven earlier episodes of fiscal squeeze showIn spite of how much impassioned talk there has been of austerity on both sides of the party - political divide, the table also suggests that the UK coalition government's overall cutbacks to date have been modest in comparison with the seven earlier episodes of fiscal squeeze showin comparison with the seven earlier episodes of fiscal squeeze shown.

If the future of fiscal squeeze follows the pattern of the past, we can expect future squeezes to continue to bite harder on the spending than on the revenue element, to be orchestrated and planned within the central administrative apparatus rather than by outside commissions, and for the pain to be spread over longer periods with lower annual falls, rather than in sudden steep cuts.

So what accounts for the apparent disappearance of the hard revenue squeeze from the recent set of fiscal squeezes, and is it a disappearance that is likely to continue or to be reversed in the future?

Is that another approach to fiscal squeeze that is gone for good, or might it be expected to recur in some circumstances?

«Cuomo's property tax cap will be a central part of his economic plan because he knows we can not get New York's fiscal house in order without holding the line on the spending and tax hikes that squeeze New York families and stifle economic growth.»

The amendment, which would take effect in the 2020 fiscal year, will squeeze Cuomo's fiscal house.

The governor had to squeeze his visits into the broader drama of the negotiations over the «fiscal cliff,» a moniker that refers to the expiration of Bush tax cuts and $ 1.2 billion in spending cuts if Congress doesn't act to reduce the deficit.

During the Chicago teachers» strike I observed that the system faced a fiscal squeeze thanks to a coming sharp rise in annual pension contributions.

I would like to squeeze in more, but fiscal responsibility means that I have to say no.