Financial Times (January 3, 2011)
2011/ 01/ 05 by jd in Global News
Last year, the UK adopted austerity measures which slashed government spending and increased the value added tax to 20%. Most leading economists believe this big gamble to reduce the deficit is “likely to pay off.” A Financial Times survey of 78 leading economists concludes the recovery has “sufficient momentum to avoid a deep double-dip.” Only 13 of the surveyed economists believe the government will need to come up with an alternative plan to combat a downturn in the economy.
Tags: Austerity measures, Economic outlook, UK, VAT
