Analýza fiskální politiky ve Velké Británii v letech 1945-1970

This diploma thesis focuses on fiscal policy applied in Great Britain in 1945-1970. After the Second World War, the country was in favor of interventionist management of economic policy, represented here mainly by stop and go policy. Government spending was significantly lower under the Labor government than under the conservative government. Total government spending by the Conservative government grew consistently, even in contrast to the fact that laborers had to finance post-war reconstruction during their reign. Conservatives spent on average social spending more than the Labor government. On average, in real terms, the Conservatives spent twice as much money each year on the pension system, health care, education and the welfare system as compared to the Labor Party. They did not take advantage of rising real GDP as a support for reforms and continued their labor policies.