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Article: Budget 2000: THE CHANCELLOR'S SPEECH: Prudent for a purpose: A stronger, fairer Britain.
- Article from:
- The Birmingham Post (England)
- Article date:
- March 22, 2000
CopyrightCOPYRIGHT 2000 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mr Deputy Speaker,
A year ago the Government forecast the British economy would grow at 1%-1.5%.
Today, I can report that in 1999, instead of the recession that many forecast, the British economy grew by 2%.
And Britain has been growing steadily while meeting our inflation target.
Today inflation is 2.2%.
For the third year running inflation is in line with our target. And the target of 2.5% - which I reaffirm - will be met this year, next year and the year after that.
Because of the action we took in 1997 to stop ...