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Fiscal policy, growth and income distribution in the UK

Haughtony, Jonathan; Tuerck, David G.; Bhattarai, Keshab; Haughton, Jonathan Henry; Tuerck, David


Jonathan Haughtony

David G. Tuerck

Jonathan Henry Haughton

David Tuerck


Income and income inequality increased substantially in the UK during the industrial revolution. Income inequality was the highest around 1880. This triggered enactments of more egalitarian tax and transfer system, which halved income inequality by the 1960s. Inequality has risen again with fiscal system reforms in the last five decades. By analysing solutions of a dynamic computable general equilibrium (DCGE) model we show how policies could be designed for the optimal equitable paths of UK economy in the 21st century.


Haughtony, J., Tuerck, D. G., Bhattarai, K., Haughton, J. H., & Tuerck, D. (2015). Fiscal policy, growth and income distribution in the UK. Applied economics and finance, 2(3), 20-36.

Journal Article Type Article
Acceptance Date Apr 23, 2015
Online Publication Date May 17, 2015
Publication Date 2015-08
Deposit Date May 27, 2015
Publicly Available Date Nov 23, 2017
Journal Applied economics and finance
Print ISSN 2332-7308
Electronic ISSN 2332-7294
Publisher Redfame Publishing
Peer Reviewed Peer Reviewed
Volume 2
Issue 3
Pages 20-36
Keywords Growth; Redistribution; Fiscal policy in UK
Public URL
Publisher URL
Additional Information Copy of article first published in: Applied economics and finance, 2015, v.2, issue 3


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