As George Osborne reveals the Office for Budget Responsibility has revised down growth forecasts in the UK and government borrowing is moved higher, fund managers and economists give their view on 2011's Autumn Statement.
Alan Wilde, head of fixed income and currency at Barings. "With revised GDP growth estimates of 0.9% for 2011 and just 0.7% for 2012, we believe the UK's burden of debt will continue to increase from here, with the risks very clearly on the downside. "Weak growth in Europe is now a given, but there is a widespread perception the deflationary policies pursued by the government have contributed to this sorry state of affairs, with the UK economy likely to expand by less than many of our continental neighbours this year. "Decisions over policy are often as much political as economic, a...
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