Skip navigation
The Progressive Policy Think Tank

Budget 2012: consumer confidence is key to growth

Growth in the UK economy was disappointing in 2011. Real gross domestic product increased by just 0.8%. And 2012 is not shaping up to be any better. The average forecast for real GDP among the independent forecasters monitored by the Treasury is just 0.4%. It is not surprising, therefore, that the chancellor is coming under pressure to announce measures in the Budget on March 21 to boost growth.