The UK in the International Economy: Policy-making behind the Curve
This briefing will consider the outlook for the UK economy in the light of the global economic slowdown. With serious risks emanating from the US recession and the delayed effect of the credit crunch on Europe, the speakers will assess how the UK is placed to cope with continuing stress and argue that monetary policy has been behind the curve. The discussion will consider whether the UK government's relatively optimistic view that the economy can ride out this storm is warranted given concerns including:
- Slower world growth
- A badly bruised financial sector
- A weakening housing market and the end of cheap credit
- The risk of rising unemployment
Please note these Briefings are for MPs and peers only.