Spring 2011 officially kicked off yesterday (Sunday 20 March 2011). The first week of Spring 2011 will see two key events, which are likely to illustrate the polarities of thought on the Coalition Government's package of economic austerity measures:
- The first is Osborne's 2011 Budget, to be delivered on Wednesday 23 March 2011.
- The second is the TUC's planned "day of action" in protest at public spending cuts, which takes place this Saturday (26 March 2011).
- Inflation (which is currently high and rising, creating an ever-widening gap between pay and inflation). The latest inflation data release from ONS is out tomorrow (Tuesday 22 March 2011); and
- Economic growth (which is currently languishing in negative territory; latest revisions to estimates for growth in gross domestic product (GDP) for the fourth quarter of 2010 will be closely watched for signs of further change). The latest GDP estimates from ONS are out one week tomorrow (Tuesday 29 March 2011).
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