The British economy [August 1986]

Love, James and Boyle, Stephen and Draper, Paul and Harrigan, Frank and Heeley, John and Jenkins, Iain and Lockyer, Cliff and Love, Jim H and McGregor, Peter and McNicolI, Iain and Simpson, David and Walker, Jim (1986) The British economy [August 1986]. Quarterly Economic Commentary, 12 (1). pp. 9-19. ISSN 2046-5378

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    Abstract

    External events have had a considerable impact on the UK economy. In line with developments elsewhere, UK growth has slowed, interest rates have been reduced and the inflation rate has fallen. However, underlying inflationary pressures in the UK continue to operate with relatively rapid growth of average earnings and substantial growth of private sector liquidity.