Prospects for the UK economy

Publication date: 3 Feb 2016 | Publication type: National Institute Economic Review | NIESR Author(s): Kirby, S; Carreras, O; Meaning, J; Piggott, R; Warren, J | Journal: National Institute Economic Review Issue 235 | Publisher: Sage Publications, London

• Economy to grow 2.3 per cent in 2016 and 2.7 per cent in 2017.
• Inflation rate of just 0.3 per cent this year and 1.3 per cent in 2017, reaching 2.1 per cent in 2018.
• Bank Rate now expected to remain ½ per cent until the second half of 2016.
• Chancellor forecast to miss the primary target of the Fiscal Mandate by a slim margin.