Economists at EY ITEM Club

  • Says the country is likely to hit his 2016/17 deficit reduction target with 3 billion pounds to spare
  • Cites recent better-than-expected growth
  • Longer-run budget outlook "remained sombre"
  • "The OBR will paint a marginally better picture of the UK economy and public finances in the short term, but fiscal policy faces major challenges on both the revenue and spending sides in the longer term," said Martin Beck of EY ITEM Club said

via Reuters

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Ernst & Young accountants' ITEM Club

  • Running for 25 years
  • A non-governmental forecasting group
  • It uses the UK Treasury's model of the UK economy