Weight of the world hangs on the lucky Chancellor
Article Abstract:
The UK economy is greatly influenced by developments in the rest of the world, which will also determine whether Kenneth Clarke is viewed as a successful chancellor or not. Developments in business cycles across the world will place limits on his room for manoeuvre in domestic economic policy in the run-up to the next general election. He could either be extremely lucky, or he could find himself in danger of losing his position if economic developments to not move in his favour.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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Football-loving Ken has missed the goal
Article Abstract:
UK chancellor Kenneth Clarke claims that the economy is enjoying a very strong recovery, with steady and sustainable growth. In making this claim, he fails to take into account that the UK's inflation rate his higher than that of most other European nations and that the government has not met its 2.5% inflation target since 1994. UK growth will indeed by faster than that of most of the rest of Europe in 1997, but will slow down again in 1998 or 1999.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Clarke upbeat on growth and inflation
Article Abstract:
The UK economy is set to expand more rapidly over the next 18 months, while inflation will fall, according to chancellor Kenneth Clarke. He believes that a balanced budget will be achieved in the medium term, which in turn will allow the national debt to fall. However, taxes will only be cut if there is genuine scope to do so. Government borrowing in 1996 and 1997 will be 12 billion pounds sterling higher than forecast in the 1995 Budget.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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