An economic stimulus is a monetary or fiscal policy enacted by governments with the intent of stabilizing their economies during a fiscal crisis. The policies include an increase in government spending on infrastructure, tax cuts and lowering interest rates. After the Brexit vote in 2016 the Bank of England proposed a stimulus package designed to boost the economy and prevent a recession. The package included purchasing corporate debt and low rate commercial bank loans.
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@9PY2QSJ7mos7MO
yes, but it should be in the form of vouchers that can be used for things that can stimulate growth, ie housing, starting up businesses, etc
Government should cap gas electric mortgage etc company’s to not over charge consumers at these times.
Deleted8mos8MO
No, the government should interfere with the economy as little as possible, especially as recession is a natural cycle that purges excess. The government should aim for a net zero fiscal balance - no surplus, no deficit
@9D7GRBK1yr1Y
Yes, consistent with the Modern Monetary Theory framework
@8CYJVKW4yrs4Y
Yes, but only on those earning £80,000 and above.
@9BDPLSP2yrs2Y
My knowledge on economics is limited at best
@9B84XHJ2yrs2Y
The goverment are not on our side!
@97YWTWJ2yrs2Y
Only if affordable. Recession typically comes with Government debt
Increase personal allowance to £20,000, cut UC taper, and increase spending on addressing regional inequalities and poor education standards
@946BL2K2yrs2Y
Yes, but in the form of a Universal Basic Income, awarded to all residents
@8GFBPHL4yrs4Y
No, recessions are outcomes of the boom bust Cycle, where the central bank artificially expands credit and lowers interest rates. We should instead completely privatise the banking system and eliminate the central bank.
@9CJHNNWLiberal Democrat2yrs2Y
Yes, by direct cash transfers to poorer citizens
Yes but only on tax breaks from the bottom up and national infrastructure projects.
@8RC6YV74yrs4Y
During Recessions the government should spend money investing in better infrastructure, green energy/renewables. Creating Jobs and rebuilding the economy in a better way.
@8KJS9694yrs4Y
Yes, I personally would give a generous package of support during a crisis. Cash payment to all families, an additional £70 per child, emergency microcredit to troubled families. In addition, I’d create a package of support for businesses and employment, healthcare, and public spending, of £850 billion. The final support package I would offer is another £850 billion to help establishment of rent fee support benefits for SMEs, and provide subordinated loans for large companies
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