Fears of hard landing start to recede

Article Abstract:

It appeared in 1998 that the UK economy would suffer a hard landing following a period of boom. However, this now seems less likely. It is becoming increasingly probable that real gross domestic product will fall only slightly below trend during the downswing element of the economic cycle. There has been some improvement in business confidence, although this area is still a significant cause for concern. It seems that there is still scope for the Bank of England to ease monetary policy further in other to reach the inflation target.

United Kingdom, Prices, Gross Domestic Product, Government revenues, Forecasts and trends, Inflation (Finance), Inflation (Economics)

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This windfall disaster could have been prevented

Article Abstract:

UK consumers are benefiting from a windfall of 37 billion pounds sterling as a result of the conversion of many building societies into public companies. This trend will have significant implications for monetary and fiscal policy, as it is bringing a great deal of spending power into the economy at a time when consumer confidence was already rising. Financial markets believe that the additional consumer spending will prompt a rise in interest rates, and this has already caused the exchange rate to rise sharply.

Public Finance Activities, Fiscal Policy, Consumer Expenditures, Private Households, Consumption (Economics), Monetary policy, Consumer spending

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The golden rule of borrowing

Article Abstract:

The European Community single capital market increases public borrowing. Arbitrary targets for borrowing - 3% of national income - were set at Maastricht. Debt build-up should be serviceable and produce a presentable balance sheet. The UK should limit its medium term borrowing to 1-2% of GDP.

Single European market

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