Economic Indicators, December 2011
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
Economic situation
Briefing
Latest forecasts from the OBR expected the economy to grow more slowly over the next few years than previously predicted. The OBR also forecast government borrowing over the five years from 2011/12 to 2015/16 to be £111 billion higher than forecast in March. Meanwhile, a weakening labour market has seen the number of people unemployed rise to its highest level in 17 years, while employment fell by almost 200,000 in July-September over the previous quarter.
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