The UK Economy

Nigel Pain

National Institute Economic Review, 1992, vol. 142, 10-33

Abstract: The dominant feature of the economic environment this autumn has been the uncertainty over the future course of both the economy and government policy engendered by the enforced policy changes of mid-September and the ignominious suspension of membership of the Exchange Rate Mechanism. Although the government has set out a new inflation target as the goal of monetary policy, it appears from the Autumn Statement that growth is now the immediate priority rather than inflation.

Date: 1992
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