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Economic outlook May 2010: The lull before another storm?

Economic recovery struggles on, but conditions are volatile as the election approaches: weak growth, public spending cuts and possible public sector strike action await the next Government. This is according to the latest overview of UK economic prospects for employment practitioners and pay setters from XpertHR salary surveys.
After the election, reducing the budget deficit and securing economic recovery will require a difficult balancing act. This will undoubtedly be complicated by the underlying industrial relations context, which is far from placid.
With harsh economic decisions required of the next Government, it might seem ironic that the broad economic picture that will greet the new parliament is one of renewed - albeit weak - growth. But closer analysis shows that economic recovery is by no means secure.
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Michael Carty | |

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