The British economy [February 1986]

James Love, Paul Draper, John Heeley, Iain Jenkins, Cliff Lockyer, Jim H Love, Peter McGregor, Iain McNicolI, Noreen O'Donnell, Jim Stevens, David Simpson, Elizabeth Tait, Jim Walker, James Love (Editor)

Research output: Contribution to journal › Article

Abstract

Growth in the UK economy looks set to continue in 1986 although at a lower rate than in preceding years. Consumer expenditure will play a dominant role in determining growth while exports and investment will expand less rapidly than in 1985. In the November Statement the Chancellor forecast further reductions in the inflation rate and reductions in income tax in the Spring Budget. Unlike previous years, however, the Chancellor provided no clear indication of the likely scale of tax cuts. Avoidance of any specific commitment has now been proven wise as the Exchequer's revenues have been reduced by falling oil prices.
LanguageEnglish
Pages8-17
Number of pages10
JournalQuarterly Economic Commentary
Volume11
Issue number3
Publication statusPublished - 1 Feb 1986

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Tax cuts
Revenue
Inflation rate
Income tax
Export growth
Oil prices
Avoidance
Consumer expenditure

Keywords

  • Fraser of Allander
  • British economic activity
  • British economic conditions

Cite this

Love, J., Draper, P., Heeley, J., Jenkins, I., Lockyer, C., Love, J. H., ... Love, J. (Ed.) (1986). The British economy [February 1986]. Quarterly Economic Commentary, 11(3), 8-17.
Love, James ; Draper, Paul ; Heeley, John ; Jenkins, Iain ; Lockyer, Cliff ; Love, Jim H ; McGregor, Peter ; McNicolI, Iain ; O'Donnell, Noreen ; Stevens, Jim ; Simpson, David ; Tait, Elizabeth ; Walker, Jim ; Love, James (Editor). / The British economy [February 1986]. In: Quarterly Economic Commentary. 1986 ; Vol. 11, No. 3. pp. 8-17.
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Love, J, Draper, P, Heeley, J, Jenkins, I, Lockyer, C, Love, JH, McGregor, P, McNicolI, I, O'Donnell, N, Stevens, J, Simpson, D, Tait, E, Walker, J & Love, J (ed.) 1986, 'The British economy [February 1986]' Quarterly Economic Commentary, vol. 11, no. 3, pp. 8-17.

The British economy [February 1986]. / Love, James; Draper, Paul; Heeley, John; Jenkins, Iain; Lockyer, Cliff; Love, Jim H; McGregor, Peter; McNicolI, Iain; O'Donnell, Noreen; Stevens, Jim; Simpson, David; Tait, Elizabeth; Walker, Jim; Love, James (Editor).

In: Quarterly Economic Commentary, Vol. 11, No. 3, 01.02.1986, p. 8-17.

Research output: Contribution to journal › Article

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T1 - The British economy [February 1986]

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AU - Draper, Paul

AU - Heeley, John

AU - Jenkins, Iain

AU - Lockyer, Cliff

AU - Love, Jim H

AU - McGregor, Peter

AU - McNicolI, Iain

AU - O'Donnell, Noreen

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AB - Growth in the UK economy looks set to continue in 1986 although at a lower rate than in preceding years. Consumer expenditure will play a dominant role in determining growth while exports and investment will expand less rapidly than in 1985. In the November Statement the Chancellor forecast further reductions in the inflation rate and reductions in income tax in the Spring Budget. Unlike previous years, however, the Chancellor provided no clear indication of the likely scale of tax cuts. Avoidance of any specific commitment has now been proven wise as the Exchequer's revenues have been reduced by falling oil prices.

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KW - British economic conditions

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Love J, Draper P, Heeley J, Jenkins I, Lockyer C, Love JH et al. The British economy [February 1986]. Quarterly Economic Commentary. 1986 Feb 1;11(3):8-17.

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