Risk & Economy » Tax » #SummerBudget: The key economic figures

Percentage change on a year earlier, unless otherwise stated
Forecast

GDP

 2014  2015  2016  2017  2018  2019  2020 
 3.0 2.4  2.3  2.4  2.4  2.4  2.4

 

INFLATION – CPI

 2014  2015  2016  2017  2018  2019  2020 
 1.5 0.1  1.1  1.6  1.8  1.9  2.0

 

LABOUR MARKET Employment: (£millions (m))

 2014  2015  2016  2017  2018  2019  2020 
 30.7 31.2  31.5  31.6  31.7  31.9  32.1

PUBLIC SECTOR NET BORROWING (£billions (bn))
March forecast/July forecast

2014/15  2015/16  2015/16  2016/17  2017/18  2018/19  2019/20 
 90.2 75.3  39.4  12.8  -5.2  -7.0   
 89.2 69.5  43.1  24.3  6.4  -10.0  -11.6