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)

Research output: Contribution to journalArticle

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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 languageEnglish
Pages (from-to)7-14
Number of pages8
JournalQuarterly Economic Commentary
Volume13
Issue number1
Publication statusPublished - 1 Aug 1987

Keywords

  • Scottish economy
  • British economic conditions

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