Which Policy is whichOnline version Fiscal, Monetary or Supply side policies. Remember, fiscal and monetary are demand side policies which work in the short term. Supply side policies are more long term. by patrick livingstone 1 Fiscal Policy 2 Monetary Policy 3 Supply Side Policies Reduction in VAT to boost consumer spending Chancellor announces a change to Corporation tax in his Budget Government reduces spending in NHS to increase Budget Surplus The Government increases income tax which is not popular with voters The Bank of England has reduced interest rates to boost borrowing and spending The Monetary Policy Committee (MPC) votes 5 to 4 for change The Base Rate for interest rates is risen to increase savings The Bank has printed more money, called Quantitative Easing to boost spending in the Economy Government improves labour market flexibility by introducing less regulation Government increases education training programs for young people in deprived areas The retirement age of UK citizens is increased to 69 so more people are included in the labour market More and more public bodies are being privatized to make them more efficient UK votes to stay in EU which increases immigration from Eastern Europe
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