UK economic outlook for 2011
John Hawksworth looks at what 2011 has in store for the economy
After suffering the deepest recession in the post-war era in 2008/09 the UK economy recovered rather faster during 2010 than had been expected at the start of the year. Manufacturing and construction which had been the sectors hit hardest by the recession saw the strongest bounce-backs during 2010. In the case of manufacturing this was helped by restocking and a rebound in exports on the back of stronger world trade growth. Services also saw a gradual recovery during the course of the year although there were signs from business surveys that this lost some momentum in the autumn.
Consumer spending
Consumer spending also held up reasonably well during 2010 helped by continued low interest rates and an earlier recovery in house prices. Since the summer...
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UK economic outlook for 2011
John Hawksworth looks at what 2011 has in store for the economy
After suffering the deepest recession in the post-war era in 2008/09 the UK economy recovered rather faster during 2010 than had been expected at the start of the year. Manufacturing and construction which had been the sectors hit hardest by the recession saw the strongest bounce-backs during 2010. In the case of manufacturing this was helped by restocking and a rebound in exports on the back of stronger world trade growth. Services also saw a gradual recovery during the course of the year although there were signs from business surveys that this lost some momentum in the autumn.
Consumer spending
Consumer spending also held up reasonably well during 2010 helped by continued low interest rates and an earlier recovery in house prices. Since the summer...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
