The government will fail to deliver planned spending cuts within the next Parliament and interest rate rises are off the table until summer at least, according to a survey of economists.
In the annual Financial Times survey of more than 80 prominent economists, a majority of those surveyed said the government will deviate at some point over the next Parliament from its plans to cut spending further. Some 52 of the 87 who answered a question on spending said the next government will deviate from the plans, which are aimed at reducing the UK's current account deficit. A further 12 believe the outcome will depend on the election result, with the remaining 19 believing the next government will hold firm whatever the outcome. A number of the economists added that contin...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
