More jobs go as recession looms

Article Abstract:

The Centre for Economics & Business Research (CEBR)'s chief executive had reduced his projection for UK economic growth in 1999, forecasting that the impact of the slowing economy would be acute but that a recession may just be avoided. Professor Douglas McWilliams envisages growth of 0.4%, compared with a previous forecast of 1.8%, saying that UK manufacturing production will decline by 2.3% with the previously booming service sector will be static. Prof McWilliams believes that even though job losses will occur and that house prices will weaken, the situation may not be as bad as during 1990-1992 when the UK was in recession.

Comment:

UK: Professor Douglas McWilliams envisages growth of 0.4% vs previous forecast of 1.8%, for economic growth in 1999

Gross National Product, Article

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Nation urged to profit by share ownership rather than wage rises

Article Abstract:

It is vital to secure enterprise and fairness for all if the UK is to have a strong economic future, according to Chancellor Gordon Brown. There are a number of key economic goals, including having a higher percentage of people in work than ever before, allowing everyone to gain the highest educational qualifications possible and reducing child poverty by half. The government is on target to balance the current budget over the economic cycle. Debt will be kept to below 40% of national income.

Economic policy, Speeches, lectures and essays, Transcript, Brown, Gordon (British politician)

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