Election 2010: UK 'to grow by £20bn if Tories win' - papers

clock

The Centre for Economics and Business Research has increased its forecast of economic growth in Britain, predicting GDP would be about £20bn higher by 2020 if the Conservatives gain power.

The Telegraph reports the leading think tank forecast gross domestic product (GDP) would grow by 1.3% and 1.4% in 2011 and 2012 respectively, compared with earlier forecasts of 0.8% and 1.1% growth. It left its 2010 forecast unchanged at 1.2%, and said the upgrades for the following two years were based on a Conservative victory at the election, and a more buoyant world economy. Despite the upgrades, the think-tank's figures are far less optimistic than the Chancellor's March Budget predictions of 3.25% growth in 2011 and 3.5% growth in 2012, which the CEBR described as "highly optimi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read