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The Economic Role of Government l
The Growth of Public Expenditure
Control of Government Expenditure
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allowances argument assess assets Britain budget budgetary policy capital gains tax capital transfer tax cent central government changes Chapter Cmnd Committee consumers consumption corporation tax costs and beneﬁts death duty debt defence deﬁciency deﬁcit deﬁned demand disincentive economic effect employment estate duty factors of production ﬁgures ﬁnal ﬁnance ﬁnancial ﬁrms ﬁrst ﬁscal ﬁxed gifts inter vivos government expenditure grants Green Paper harmonisation higher incentive income tax income taxation increase industry inequality inﬂation inﬂuence inheritance tax interest investment labour less levied marginal rate measure ment national insurance outlay taxes output paid particular payments percentage price system problems proﬁts tax progressive tax proportion public expenditure purchase tax rate of return rate of tax rate tax reduce reﬂects rise saving signiﬁcant social beneﬁts speciﬁc spending supply tax rates taxable taxpayer tion United Kingdom wealth tax whilst