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The UK Economy
Published online by Cambridge University Press: 26 March 2020
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.
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- Economic Overview
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- Copyright © 2010 National Institute of Economic and Social Research