Government allows "subtle shift" on inflation

Article Abstract:

Analysts' projections of inflation and related events in the UK over the next year and a half vary significantly, reflecting uncertainty on how much politics will affect the commitment to damping inflation. Forecasts of headline inflation in the last quarter of 1995 range from 3.0% to 4.4%, and for the 4th qtr 1996, 1.9% to 5.8%. Predictions for the gross domestic product see it slipping from an increase of 3% in 1995 to 2.5% or 2.75% in 1996. Whole-economy average earnings are likely to rise 4.2% in 1995, and 4.9% in 1996, led by strong exports.

Economic policy, Political aspects, Economic forecasting

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Inflation on the rise again

Article Abstract:

The headline inflation figure rose in Mar 1995 for the sixth consecutive month, to 3.5%, the highest rate for 2-1/2 years. Govt reports show the economy growing more slowly, but many economists think those reports understate activity, especially in the manufacturing sector. Unemployment continues to fall, albeit more and more slowly, reaching 8.3%. The consensus is that wage inflation is unlikely in the short term, and that economic growth is anemic but likely to pick up. Inflation forecasts for 1995 range from 3.3% to 4.1%.

Analysis, Employment, Statistics, Economic indicators

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Parliamentary salaries: MPs award themselves 26% rise

Article Abstract:

Members of the British Parliament voted themselves a 26.2% increase in July, 1996, despite protests from John Major and Opposition Leader Tony Blair. The MPs' salaries were increased to 43,000 pounds sterling from 34,085 pounds. A revised linkage between civil service pay and parliamentary salaries was also approved and reinstated.

Compensation and benefits, United Kingdom. Parliament, Legislators

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