22 January 2001, 16:54 Big fiscal, rates easing needed to support UK economy, says ITEM Club
London--Jan. 22--The U.K. economy needs a big boost from both monetary
and fiscal policy if it is to avoid slipping into recession, according to
the latest assessment of the economy by the Ernst and Young ITEM Club.
ITEM, which uses the Treasury's model of economy, predicted tax cuts in
the spring budget and 100 basis points of interest rate cuts by the start
of 2002.
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