What are the prospects for the UK economy?
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...be approximately balanced in 2016—17, and in surplus the year after, which will be the new target year post-Autumn Statement. However, public sector net debt as a proportion of GDP will not fall until 2017—18.
The UK labour market remains remarkably resilient in comparison both to previous recessions and to some other countries (for example, the USA). The absence of any drop in labour force participation is particularly welcome.
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