Summarised from the National Institute Economic Review, No. 197, July 2006. To order a the full version of this article or a subscription, please contact Sage Publications by telephone: +44 (0) 20 7324 8701, email: mailto:subscriptions@sagepub.co.uk or online at http://ner.sagepub.com. ¥ GDP...

The British economy will suffer next year as it experiences the worst setback among the G7 countries. This reflects an especially pronounced reverse to consumer spending, which will fall by 3.4 per cent in 2009, easily the biggest decline among the G7. The economy will also be dragged down by...

¥ GDP is forecast to grow by 2.5 per cent this year and 2.6 per cent in 2007. ¥ Inflation measured by the CPI is expected to be 2.6 per cent per annum in the fourth quarter of 2006, falling back to 2 per cent per annum by the end of 2007. ¥ The interest rate should rise to 5 per cent...

This paper describes the National Institute of Economic and Social Research's (NIESR) approach to the analysis of the implementation of the Lisbon Agenda. It forms the background to the European Commission Competitiveness Report chapter on spillovers and the Lisbon Process. The paper describes...