Economic update – April 2010
The last budget of the current parliament was a modest affair, at least in macro-economic terms, enabling the Chancellor to provide a stimulus of £1.4 billion.
Tony Dolphin
Budget 2010: Keeping it sensible
Ahead of the Budget, all the main political parties should set out their plans on the economy and allow the electorate to choose between them on polling day.
UK exports collapse in January
Figures out today show the UK’s trade deficit in goods widened to £8 billion in January from £7 billion in December, mainly a result of a 6% fall in exports.
Economic update – March 2010
With most of the data now in, it is clear that the UK economy stabilised in the second half of 2009, after its shocking fall between mid-2008 and mid-2009.
UK economy grew 0.3% in last quarter, with Index of Production up 0.5%
Revised figures show the UK economy grew by 0.3% in the last quarter of 2009, not 0.1% as previously reported, due to faster growth in services & manufacturing.
Economic update – February 2010
In January, the UK economy limped out of recession in the final quarter of 2009, with official figures showing that real GDP increased by a meagre 0.1 per cent.
Muted cheers as the UK limps out of recession
Today’s increase in GDP of just 0.1 per cent, though welcome, falls short of the 0.3 per cent gain that was widely forecast by City economists.
Economic update – January 2010
Our latest economic update shows that the recession is now statistically the result of an increase in the household saving rate.
Deficit reduction will require cuts in public spending AND higher taxes
The Government will have to borrow £175 billion in the current financial year. Both spending cuts and tax rises are necessary.
Economic update – December 2009
Left Foot Forward’s monthly economic update shows a recovery might be under way. Unemployment is slowing and manufacturing activity rebounded strongly.