The Lawson Boom
E507438
The Lawson Boom refers to the period of rapid economic growth and credit-fueled expansion in the United Kingdom during the late 1980s when Nigel Lawson was Chancellor of the Exchequer.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
economic period
ⓘ
macroeconomic phenomenon ⓘ |
| associatedWith |
Big Bang financial deregulation
NERFINISHED
ⓘ
overheating of the UK economy ⓘ tightening of monetary policy at the end of the 1980s ⓘ unsustainable credit growth ⓘ wage pressures ⓘ |
| causeOf |
increased household indebtedness in the UK
ⓘ
macroeconomic instability in early 1990s UK ⓘ subsequent rise in UK interest rates ⓘ |
| characterizedBy |
asset price inflation
ⓘ
credit-fueled expansion ⓘ financial deregulation effects ⓘ high levels of bank lending ⓘ rapid economic growth ⓘ rising consumer spending ⓘ rising house prices ⓘ rising inflation ⓘ strong GDP growth ⓘ widening current account deficit ⓘ |
| country | United Kingdom ⓘ |
| describedAs |
credit-fueled boom
ⓘ
demand-led boom ⓘ |
| economicGrowthRate | above UK long-run trend ⓘ |
| economicPolicyDebate |
impact of financial deregulation on credit cycles
ⓘ
role of fiscal loosening during strong growth ⓘ use of exchange rate as nominal anchor ⓘ |
| endTime | 1990 ⓘ |
| followedBy |
UK housing market crash of the early 1990s
ⓘ
early 1990s UK recession ⓘ |
| hasChancellorOfTheExchequer | Nigel Lawson NERFINISHED ⓘ |
| hasCurrency | Pound sterling NERFINISHED ⓘ |
| hasGovernment | Thatcher government NERFINISHED ⓘ |
| hasPrimeMinister | Margaret Thatcher NERFINISHED ⓘ |
| location | United Kingdom ⓘ |
| namedAfter | Nigel Lawson NERFINISHED ⓘ |
| partOf | economic history of the United Kingdom ⓘ |
| policyContext |
financial market deregulation
ⓘ
monetary policy focused on exchange rate targeting ⓘ privatisation programme ⓘ tax cuts ⓘ |
| precededBy | early 1980s UK recession ⓘ |
| sectorMostAffected |
financial services
ⓘ
housing market ⓘ |
| startTime | 1986 ⓘ |
| timePeriod | late 1980s ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.