HM Treasury Independent Forecasts for the U.K. Economy

Following is a summary of independent forecasts for the U.K. economy from HM Treasury in London:

===============================================================================
                                   Average   Average       Sept.       Sept.
                                     Sept.      Aug.      Lowest     Highest
===============================================================================
                                     ----------- Forecasts for 2011 -----------
GDP Growth                            1.2%      1.3%        0.8%        1.8%
CPI (Q4)                              4.5%      4.5%        3.7%        5.3%
RPI (Q4)                              5.2%      5.3%        4.5%        5.8%
Claimant Unemployed (Q4: Million)     1.58      1.56        1.47        1.69
Current Account (GBP/Billion)        -30.6     -29.6       -56.8        -2.3
PSNB (2011-12 GBP/Billion)           126.8     125.2       110.0       153.8
                                     ----------- Forecasts for 2012 -----------
GDP Growth                            1.8%      2.0%        0.9%        2.7%
CPI (Q4)                              2.2%      2.2%        1.3%        3.5%
RPI (Q4)                              3.1%      3.3%        1.9%        5.3%
Claimant Unemployed (Q4 Million)      1.59      1.54        1.40        1.82
===============================================================================
                                   Average   Average       Sept.       Sept.
                                     Sept.      Aug.      Lowest     Highest
===============================================================================
Current Account (GBP/Billion)        -23.2     -21.6       -75.6         7.9
PSNB (2012-13 GBP/Billion)           106.8      97.0        85.0       149.6
===============================================================================
Note: Independent and City averages, and the range of forecasts, are based on
     forecasts made in the last three months
     All the averages exclude non-standard entries

Source: HM Treasury

To contact the reporter on this story: Mark Evansin London at mevans8@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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