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The UK economy

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Abstract

The economy will grow by 1.2 per cent this year, and by 1.8 per cent in 2014. Unemployment rate will remain roughly flat at about 8 per cent both this year and next. Consumer price inflation will remain above 2½ per cent per annum this year but will fall back to 2.3 per cent, on average, next year. Public sector net borrowing will be around £112 billion (7 per cent of GDP) in 2013/14.

Suggested Citation

  • N/A, 2013. "The UK economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 225(1), pages 3-3, August.
    • Handle: RePEc:sae:niesru:v:225:y:2013:i:1:p:f3-f3
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