National Institute Economic Review, February 1st, 1990
CHAPTER 1. THE HOME ECONOMY
PART ONE. RECENT DEVELOPMENTS AND SUMMARY OF THE MAIN FORECAST (table A)
The probability has increased that the UK will become a full member of the EMS before the next general election. The issue is by no means settled, but full membership now seems the right assumption to make for the forecast. The precise timing is difficult to foresee: on the one hand the present economic situation in this country makes an immediate move difficult, on the other hand the Government might be loath to make the move in the run-up to the election. Fortunately the choice of the exa...
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