Thursday, 21st March 2013
UK: Budget 2013
Source: HM Treasury (UK)
From Executive Summary:
Three key factors, first set out in the Office for Budget Responsibility’s (OBR) November 2011 Economic and fiscal outlook, have resulted in a more subdued and uneven recovery than expected:
• evidence has accumulated that suggests the impact of the financial crisis on GDP and underlying productivity has been greater than expected;
• the euro area sovereign debt crisis and global uncertainty have damaged confidence and reduced external demand; and
• commodity price driven inflation since 2011 has reduced real incomes and raised business costs.
As a result of the ongoing effect of these factors, the OBR’s forecast revises down growth in 2013 and 2014. However, the forecast for UK employment from 2013 has been revised up.
+ Executive Summary (PDF; 56 KB)
+ Direct link to documents (All PDF)
+ Budget Statement
By Adrian Janes
Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.
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