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Fiscal failure and OBR over-optimism: a review of the UK economy in Q4 2015

The network ‘Economists for Rational Economic Policies’ (EREP) review the UK's economic performance in the last quarter of 2015.

Published:
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The network ‘Economists for Rational Economic Policies’ (EREP) has just published its quarterly update review of the UK economy, taking on board the results of the 4th Quarter (Q4) GDP 2015 data (see ONS Q4 1st estimate and February Economic Review).  It builds on and complements the EREP annual report, published in December, “The Cracks Begin to Show”.

In this latest Q4 review, Graham Gudgin and Ken Coutts (from the Centre For Business Research, Judge Business School, University of Cambridge) say: