Why Shopping May Be Set to Go Out of Fashion Balancing Act with the Exception of Tesco, the High Street Is Struggling, but There Is More to the Slowdown in Spending Than Consumers Feeling the Pinch
Sunday Herald › April 19, 2005
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Summary
THIS week even the International Monetary Fund has been called in evidence, in the electoral critique of Labour's management of the economy.
A single sentence in the IMF's latest World Economic Outlook - that "steps are needed to accelerate the pace of fiscal consolidation [in the UK] to meet the government's budgetary objectives over the course of the next economic cycle" - was widely recycled as damning proof that taxes will inevitably rise if Labour wins again.See the full content of this document
Extract
Why Shopping May Be Set to Go Out of Fashion Balancing Act with the Exception of Tesco, the High Street Is Struggling, but There Is More to the Slowdown in Spending Than Consumers Feeling the Pinch
However, the very first sentence in that same IMF assessment - that "economic performance in the United Kingdom remains robust" - was completely overlooked.
That performance - sustained growth coupled with low inflation and fiscal stability - is the cement which now binds a Pr...See the full content of this document
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