World Economics - Insight , Analysis and Data

World Economics - Insight , Analysis and Data
The UK’s Achievement of Economic Stability
Tim Congdon
World Economics, December 2002

The UK achieved a remarkable degree of macro-economic stability in the 1990s. Contrary to expectations when the pound was expelled from the European exchange rate mechanism in September 1992, over the next ten years inflation was kept almost exactly on target and its volatility declined by over 90 per cent compared with the previous 20 years. Stability was achieved when the official aim was to balance the budget and major industries were being de-nationalised, contradicting claims that Keynesian policies are needed.
Download paper

Related thinking:
    The IMF’s Uneasy Excursion into the Euro Zone
Graham Bird
World Economics, September 2015
    The Eurozone: Was the UK Right to Opt Out?
Julian Gough
World Economics, September 2015
    What is Britain worth to the next generation?
Angus Hanton
World Economics, June 2015

© Copyright World Economics Ltd. 2017