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

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)

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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.

Original language	English
Pages (from-to)	8-17
Number of pages	10
Journal	Quarterly Economic Commentary
Volume	11
Issue number	3
Publication status	Published - 1 Feb 1986

Keywords

Fraser of Allander
British economic activity
British economic conditions

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title = "The British economy [February 1986]",

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.",

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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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