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UK Forecast in Detail
Publication year - 2015
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12140
Subject(s) - economics , pace , macroeconomics , fiscal policy , economic policy , monetary economics , geodesy , geography
The pace of deficit reduction has continued to disappoint against a relatively healthy economic backdrop. Structural changes in the labour market and income tax receipts auger against a dramatic improvement in 2015. Longer‐term, the implausibility of spending cuts implied by current fiscal plans points to borrowing continuing to run ahead of official expectations…