UK Budget 2013 predictions

The video discusses the UK's economic challenges and government measures to address them, including tax breaks and infrastructure projects. It highlights fiscal conservatism and monetary activism as strategies to stimulate growth. The video also covers changes in personal tax allowances and the implications for the national budget, aiming to avoid past budgetary issues.

What does the term 'fiscal conservatism and monetary activism' refer to in the context of the text?

What were some of the criticisms mentioned regarding last year's budget?