Wednesday April 22, 01:17 PM
INSTANT VIEW 2-Darling presents budget to UK parliament
LONDON, April 22 (Reuters) - Below are reactions to British finance minister Alistair Darling's budget statement to parliament on Wednesday.
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ECONOMIC FORECASTS
STEPHEN LEWIS, CHIEF ECONOMIST, INSINGER DE BEAUFORT
'I think this year's forecast is probably fairly realistic. It's probably going to sit somewhere between between three and four percent (contraction).
'Next year, it seems a shade optimistic to me. Most forecasters would be looking for recovery to start early next year and therefore looking for slightly less growth than what he sees. It would be in the 0.5 to 1 percent range.
'What's most unrealistic of all is his projection for years 2011 onwards because I think it's going to be difficult to achieve 3.5 pct growth annually over that period.'
JONATHAN LOYNES, CHIEF ECONOMIST, CAPITAL ECONOMICS
'I think they are as we expected him to announce but they are stronger than ours, we've got the economy contracting by 4 percent this year and then by another 1 next year so we would be more pessimistic than him.
'It is a bit more optimistic than the consensus forecast for next year but not dramatically so.'
(Compiled by Paul Hoskins) Keywords: BRITAIN BUDGET/ XX:SU:REUTERS#SN:nLM24187#XX:2929653.0#HS:RAMSTXT_9088_2009-4-22_120212_3_111#DU:reawire+reewire+rekwire+lanreunxd1+lanreunxd2+bsu8rtr+lanrexnxd1+lanrexnxd2+rexwire#XN:##XP:tfukfipdistw.datastream.com ~
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