The British economy [August 1987]

Brian Ashcroft; Stephen Boyle; Paul Draper; Frank Harrigan; John Heeley; Iain Jenkins; Cliff Lockyer; Jim H Love; Peter McGregor; Iain McNicolI; Roger Perman; David Simpson; Jim Stevens; Jim Walker; Brian Ashcroft

The British economy [August 1987]

Brian Ashcroft, Stephen Boyle, Paul Draper, Frank Harrigan, John Heeley, Iain Jenkins, Cliff Lockyer, Jim H Love, Peter McGregor, Iain McNicolI, Roger Perman, David Simpson, Jim Stevens, Jim Walker, Brian Ashcroft (Editor)

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Abstract

The prospects for output growth continue to be favourable. However, since the publication of the May Commentary concern has increased about the inflationary consequences of overheating and the prospects for the balance of payments during the remainder of the year. The government's response in raising base rates can probably be justified given the recent slight downward movement of sterling, but future policy action to moderate the rate of expansion should focus on the public sector borrowing requirement.

Original language	English
Pages (from-to)	7-14
Number of pages	8
Journal	Quarterly Economic Commentary
Volume	13
Issue number	1
Publication status	Published - 1 Aug 1987

Keywords

Scottish economy
British economic conditions

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AU - Draper, Paul

AU - Harrigan, Frank

AU - Heeley, John

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AU - Lockyer, Cliff

AU - Love, Jim H

AU - McGregor, Peter

AU - McNicolI, Iain

AU - Perman, Roger

AU - Simpson, David

AU - Stevens, Jim

AU - Walker, Jim

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N2 - The prospects for output growth continue to be favourable. However, since the publication of the May Commentary concern has increased about the inflationary consequences of overheating and the prospects for the balance of payments during the remainder of the year. The government's response in raising base rates can probably be justified given the recent slight downward movement of sterling, but future policy action to moderate the rate of expansion should focus on the public sector borrowing requirement.

AB - The prospects for output growth continue to be favourable. However, since the publication of the May Commentary concern has increased about the inflationary consequences of overheating and the prospects for the balance of payments during the remainder of the year. The government's response in raising base rates can probably be justified given the recent slight downward movement of sterling, but future policy action to moderate the rate of expansion should focus on the public sector borrowing requirement.

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KW - British economic conditions

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UR - http://www.strath.ac.uk/frasercommentary/

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IS - 1

ER -

The British economy [August 1987]

Abstract

Keywords

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