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The UK Economy

Published online by Cambridge University Press:  26 March 2020

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Abstract

  • • The economy will grow by only 1.5 per cent in 2011 and 1.8 per cent in 2012.

  • • Consumer price inflation will be 3.8 per cent this year but fall to 1.8 per cent in 2012.

  • • The sharp rise in oil prices will raise inflation by over ½ percentage point in 2011.

  • • Growth over the next two years will come mainly from net trade.

  • • Real disposable income will fall for the second successive year, by 0.8 per cent in 2011.

  • • There is a case for delaying some of the austerity programme but accelerating planned increases in the state pension age.

Type
Economic Overview
Information
National Institute Economic Review , Volume 215 , January 2011 , pp. F3
Copyright
Copyright © 2011 National Institute of Economic and Social Research

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