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Budget figures are not based on reality, say experts

Publié par Clifford Armion le 24/03/2010

Budget figures are not based on reality, say experts

"The growth forecasts in Alistair Darling's Budget today could prove too optimistic, according to independent research carried out for MPs. The gap means that Labour could fail to achieve its goal to halve the huge deficit in the public finances in four years without raising taxes or making deeper spending cuts than it plans.

"In his eve-of-election Budget, the Chancellor is expected to confirm his previous forecast that the economy will grow by 2 per cent in the financial year starting next month. But an analysis of independent forecasters by the House of Commons Library puts their average prediction at just 1.1 per cent. While the Treasury will predict growth of 3.25 per cent for each of the following four years, independent analysts forecast an average of 2.1, 2.4, 2.7 and 2.5 per cent respectively over the same period."

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" Budget figures are not based on reality, say experts", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mars 2010. Consulté le 19/10/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/budget-figures-are-not-based-on-reality-say-experts