Election 2010: UK 'to grow by £20bn if Tories win' - papers

clock

The Centre for Economics and Business Research has increased its forecast of economic growth in Britain, predicting GDP would be about £20bn higher by 2020 if the Conservatives gain power.

The Telegraph reports the leading think tank forecast gross domestic product (GDP) would grow by 1.3% and 1.4% in 2011 and 2012 respectively, compared with earlier forecasts of 0.8% and 1.1% growth. It left its 2010 forecast unchanged at 1.2%, and said the upgrades for the following two years were based on a Conservative victory at the election, and a more buoyant world economy. Despite the upgrades, the think-tank's figures are far less optimistic than the Chancellor's March Budget predictions of 3.25% growth in 2011 and 3.5% growth in 2012, which the CEBR described as "highly optimi...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

UK employment falls to 13-year low despite positive services output

UK employment falls to 13-year low despite positive services output

BDO Employment index

Cristian Angeloni
clock 07 July 2025 • 1 min read
Trump returns to tariff threats as 9 July deadline approaches

Trump returns to tariff threats as 9 July deadline approaches

EU and BRICS at risk

Linus Uhlig
clock 07 July 2025 • 1 min read
Early Powell departure could be an 'unexpected gift' for EMs

Early Powell departure could be an 'unexpected gift' for EMs

Trump claims he will replace chair sooner

Eve Maddock-Jones
clock 01 July 2025 • 3 min read
Trustpilot