<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

World

Why a Labour super-majority is unlikely

21 April 2024

4:00 PM

21 April 2024

4:00 PM

In economic, there is a phenomenon known as ‘automatic stabilisers’, which kick in at the onset of a recession. Without politicians having to do anything, state spending on out-of-work benefits increases while the amount of money taken off private citizens in taxes decreases, thereby preventing the economy from going into freefall.

Already a subscriber? Log in

Get 10 issues
for $20

Subscribe to The Spectator Australia today for the next 10 magazine issues, plus full online access, for just $20.

  • Delivery of the weekly magazine
  • Unlimited access to spectator.com.au and app
  • Spectator podcasts and newsletters
  • Full access to spectator.co.uk
Or

Unlock this article

REGISTER


Comments

Don't miss out

Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.

Already a subscriber? Log in

Close