The UK Economy

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National Institute Economic Review, 2015, vol. 234, issue 1, F3-F3

Abstract: The economy will grow by 2.4 per cent this year and 2.3 per cent in 2016. Unemployment rate to remain at 5¼ per cent throughout the rest of this year and next year. The rate of consumer price inflation rises from close to zero per cent in 2015 to 1.1 per cent in 2016. The Bank of England to raise interest rates at the start of 2016 and then gradually increase by 50 basis points a year, reaching 2 per cent by the end of 2018.

Date: 2015
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