The Politics of Economic Policy

The management of economic policy is clearly at the centre of the political process in Britain today. The book reviews the policy options available to politicians, explains the role of the main institutions involved in economic policy making, and examines the policy-making process in relation to key decisions such as those on the budget and public expenditure. The crucial relationship between the Prime Minister and the Chancellor of the Exchequer is examined in depth. Other key economic institutions analysed include the Treasury and the Bank of England, and the roles of the media, pressure groups and Parliament.