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 is currently an Information Services Librarian with the London Borough of Havering.
In this role, he has 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 Free Pint Ltd. in 2007. He is also involved in training and publicising online reference resources and is a regular contributor to DocuTicker.
Adrian can be reached at firstname.lastname@example.org
More articles by Adrian Janes »
Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.