The Treasury will publish its five fiscal tests by nexy June, to assess whether the UK should enter ...
The Treasury will publish its five fiscal tests by nexy June, to assess whether the UK should enter the single currency.
UK inflation is also scheduled to meet government targets of 2.5% this year, according to Gordon Brown in his Pre-Budget speech.
Inflation is expected to drop to 2.25% next year and grow again to 2.5% in 2004.
And Mervyn King will take over as governor of the Bank of England when Sir Eddie George steps down next year.
However, Gordon Brown has issued a stern warning to the public sector and, in particular, fire fighters, by stating it will not risk increasing inflation to pay salary increases.
Among other economic data, Brown said GDP is expected to rise by 1.6% in 2002, below the previous Budget forecast.
He predicts GDP will rise by 2.5%to 3% in 2003 and by 3% to 3.5%in 2004 before returning to trend in 2005.
Retail Price Index Inflation is also expected to stay close to the 2.5% target rate.
And public debt will remain underneath the government's target of 40% of GDP by increasing slightly each year until 2007/2008 from 32.1% to 33%.
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Initial FOC of 0.6%
Former PFS president
Last commission convened in 2002