Abstracts » Business

Dear prudence...

Article Abstract:

The British chancellor, Gordon Brown, has increased public spending at a time when the British economy is expanding, and this makes it more likely that interest rates will be raised. British output is also forecast to be above non-inflationary levels until 2004, so the monetary policy committee (MPC) is likely to raise interest rates. There are large margins for error in economic forecasts, so the chancellor is wrong when he claims to have produced a prudent Budget.

Brown, Gordon

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Awaiting the Bank's verdict

Article Abstract:

United Kingdom interest rates are likely to be raised after the Jul 1997 Budget, which did little to dampen consumer demand. The chancellor claims to want to increase UK capital investment, but rises in interest rates will make borrowing to invest more expensive and will push up the value of pound sterling which will in turn hit exporters' profits so undermine their ability to invest. The government has refused to push up taxes enough to depress consumer demand, so total demand for goods could be depressed because of the high value of the pound and high rates of interest, and demand affects investment levels which could consequently be reduced.

Interest rates, Consumption (Economics)

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Bring Budget day to your fingertips

Article Abstract:

Investors can obtain information on the United Kingdom Mar 1998 Budget through the internet, and there are a number of sites where data will be available. The UK Treasury itself has a web site, and allows investors to read details. The Institute of Fiscal Studies has set up a program to test economic policies. News organizations provide analyses and they are provided by the Financial Times and the British Broadcasting Corp among others.

Telegraph & other communications, Specialized Telecom Services, Wired Telecommunications Carriers, Usage, Internet, Internet services

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