Tangled up in red

By Brian Easton In Economy

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24th January, 2013
A little complacency seems to have crept into the latest Government economic forecasts. In its December outlook, the Government promised to get its books into surplus in the 2014-15 year – the first time in seven years. It might just make it. But many people are sceptical, arguing that the forecasts are optimistic. And even if the numbers come out as projected, the economy as a whole will be in a far worse state in 2014 than the Government’s accounts will be. Having satisfactory public accounts is a consequence of growth in private spending, much of it funded by borrowing. The resulting ...

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