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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        Oct.        Oct.
                                      Oct.     Sept.      Lowest     Highest
===============================================================================
                                     ----------- Forecasts for 2011 -----------
GDP Growth                            1.0%      1.2%        0.6%        1.6%
CPI (Q4)                              4.6%      4.5%        3.9%        5.3%
RPI (Q4)                              5.3%      5.2%        4.7%        5.7%
Claimant Unemployed (Q4: Million)     1.61      1.58        1.47        1.76
Current Account (GBP/Billion)        -32.4     -30.6       -62.9       -18.0
PSNB (2011-12 GBP/Billion)           128.1     126.8       110.0       146.0
                                     ----------- Forecasts for 2012 -----------
GDP Growth                            1.5%      1.8%        0.7%        2.4%
CPI (Q4)                              2.2%      2.2%        1.3%        3.5%
RPI (Q4)                              2.9%      3.1%        1.7%        4.5%
Claimant Unemployed (Q4 Million)      1.65      1.59        1.40        1.89
===============================================================================
                                   Average   Average        Oct.        Oct.
                                      Oct.     Sept.      Lowest     Highest
===============================================================================
Current Account (GBP/Billion)        -25.6     -23.2       -63.0        -2.5
PSNB (2012-13 GBP/Billion)           110.7     106.8        85.0       145.7
===============================================================================
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 Evans in London at mevans8@bloomberg.net

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

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