Difficult judgements on borrowing gaps
Article Abstract:
The UK budget deficit will be more than estimated in Nov 1995 by some 5 billion pounds sterling. Central government spent 280 billion pounds in 1995, and raised 245 billion pounds in that year. The numbers are large so forecasting errors are more likely. Public borrowing forecasts also involve forecasts of the behavior of the private sector in terms of investment and saving. The government does not have as much control of the budget deficit as is perceived, and low investment levels mean fewer jobs and lower tax revenues so a bigger deficit.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Pioneering management focused on growth
Article Abstract:
The UK saw greater corporate activity in 1995 as interest rates dropped and share prices rose. Companies from Manchester, England, have responded in different ways. Granada has successfully acquired Forte while Boddingtons should benefit from a consumer revival boosting sales at its pub chain. United Utilities is the first UK Integrated utility which was set up in 1995 when North West Water acquired Norweb. The company is expanding in water services through international activity.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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