A broken measuring rod

Article Abstract:

The United Kingdom Office for National Statistics (ONS) plans changes to national accounts which could mean lower estimates for economic growth, at 2.2% annually since 1994 rather than 2.7%. European accounting standards are also to be adopted, and investment will include new categories such as spending on milking cattle and computer software. The revisions may also show economic growth as having peaked earlier than previous estimates and this could affect interest rate policy, leading to a more rapid drop in interest rates.

Regulation of Agricultural Marketing and Commodities, Statistical Reporting Service, Management, Economic indicators, United Kingdom. Office for National Statistics

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Weak euro set to continue

Article Abstract:

Forecasts for the value of the euro currency are examined in detail, with reasons for its weakness explained.

Exchange Rates, Foreign exchange, European Union, Western Europe

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UK exporters can resist US slump

Article Abstract:

British exporters have shown a rise in confidence despite concerns about the US economy.

Exports

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