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The UK Economy

Published online by Cambridge University Press:  26 March 2020

Marie Sheldon  and
Garry Young
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Extract

The main slogan of the Conservative Party during the 1997 general election campaign has been ‘Britain is booming: don't let Labour blow it’. In our analysis of the UK economy, we discuss the extent to which Britain is indeed booming and how we expect it to develop once the election is over. Given their lead in the opinion polls, we have assumed that Labour will win the election and have built some of their policies into the forecast. This therefore provides some means of assessing whether Labour will ‘blow it’, although this will obviously depend on how they actually behave in office.

Type
Articles
Information
National Institute Economic Review , Volume 160 , April 1997 , pp. 7 - 25
Copyright
Copyright © 1997 National Institute of Economic and Social Research

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Footnotes

∗

The forecast was compiled using the latest version of the National Institute Domestic Econometric Model. We are grateful to Martin Weale and Nigel Pain for helpful comments and discussion. The forecast was completed on 22nd April 1997.