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The UK Economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • GDP will grow by 1 per cent this year, picking up to 2 and 2.2 per cent in 2011 and 2012.

  • Unemployment will peak at 2.7 million in 2011.

  • Consumer-price inflation will average 3.1 per cent this year, falling back to just below 2 per cent in 2011 and 2012.

  • Additional tax rises and spending cuts worth 1 per cent of GDP each are needed to put the public finances on a sounder footing.

Type
Economic Overview
Information
National Institute Economic Review , Volume 212 , April 2010 , pp. F3
Copyright
Copyright © 2010 National Institute of Economic and Social Research

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