TY - JOUR
T1 - The British economy [February 1987]
AU - Ashcroft, Brian
AU - Walker, Jim
AU - Boyle, Stephen
AU - Draper, Paul
AU - Harrigan, Frank
AU - Heeley, John
AU - Jenkins, Iain
AU - Lockyer, Cliff
AU - Love, Jim H
AU - McGregor, Peter
AU - McNicolI, Iain
AU - Perman, Roger
AU - Simpson, David
A2 - Ashcroft, Brian
A2 - Walker, Jim
PY - 1987/2/1
Y1 - 1987/2/1
N2 - Output and employment have improved in recent months, due to the delayed effects of more favourable conditions in the world economy and the growth of domestic consumer spending. Despite the most recent monthly figures, the rate of unemployment appears to be on a downward trend which is consistent with developments in output and employment, although government labour market initiatives are likely to have played a significant role. The future course of the rate of inflation and the balance of payments gives some cause for concern, suggesting that a fiscal stimulus, particularly in the form of income tax cuts , would be a less than appropriate strategy in the coming Budget.
AB - Output and employment have improved in recent months, due to the delayed effects of more favourable conditions in the world economy and the growth of domestic consumer spending. Despite the most recent monthly figures, the rate of unemployment appears to be on a downward trend which is consistent with developments in output and employment, although government labour market initiatives are likely to have played a significant role. The future course of the rate of inflation and the balance of payments gives some cause for concern, suggesting that a fiscal stimulus, particularly in the form of income tax cuts , would be a less than appropriate strategy in the coming Budget.
KW - Fraser of Allander
KW - British economic activity
KW - British economic conditions
UR - http://www.strath.ac.uk/fraser/
UR - http://www.strath.ac.uk/frasercommentary/
M3 - Article
SN - 2046-5378
VL - 12
SP - 10
EP - 19
JO - Quarterly Economic Commentary
JF - Quarterly Economic Commentary
IS - 3
ER -
