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Crowing about the economy

First published: Prospect Magazine, 17/12/2013

This week should see a flow of pretty good economic news for the Chancellor and for the Government. Today, the November Consumer Price Index, which measures inflation, dropped from 2.1 per cent and is now just 0.1 per cent off the Bank of England’s inflation target, which hasn’t been met for four years. That happen soon.

Tomorrow, Wednesday, labour market data for November are likely to show a continued fall in unemployment, and that the number of people in employment topped 30m for the first time ever. Then on Friday, the final figures for GDP in the third quarter will probably be revised up from 0.8 per cent to 0.9 per cent, following recent revisions to construction output…..”more:”