Economic Boom Is Longest in UK History
Diane Coyle Economics Editor, The Independent (London, England)
THE BRITISH economy is enjoying its longest expansion on record with unemployment falling to a 20-year low, official figures showed yesterday.
As the recovery approached seven and a half years, the headline jobless rate fell to 4 per cent in December. This was the lowest since January 1980 and the first time since that unemployment in Britain has fallen below the US rate.
Steady growth in output has helped to push the jobless total lower. The level of gross domestic product did not fall in any quarter between mid- 1992 and July-September 1999, and figures due later this month will almost certainly report a 30th quarterly increase at the end of last year. This is …
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Publication information: Article title: Economic Boom Is Longest in UK History. Contributors: Diane Coyle Economics Editor - Author. Newspaper title: The Independent (London, England). Publication date: January 2, 2000. Page number: 1. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.
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