Debate on 21 June: Economic Growth Strategy - Lords Library Note

Published 15 June 2012 | Library notes LLN 2012/025

Amended 18 June 2012

Authors: Ian Cruse, Matthew Purvis

Topic: Economic policy, Economic situation

This Library Note provides background reading for the debate to be held on 21 June on 'The Importance of the Government’s Growth Strategy for the UK Economy'. Sections 1 to 5 provide an overview of the Government’s published plan for growth and the main policies and announcements made to date. Section 6 outlines the Office for Budget Responsibility’s latest economic forecasts. Section 7 summarises recent reaction and comment on the UK’s economy, prospects for growth and policies to achieve growth, expressed by a range of observers and organisations. Section 8 outlines the results of business confidence and consumer surveys. The Note concludes with a summary of the Governor of the Bank of England’s and Chancellor of the Exchequer’s Mansion House speeches.

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