The EY Item Club says the UK's economic recovery is entrenched and will not be blown off course by uncertainty surrounding next month's general election
- Says cheap oil and stronger pay growth would pave the way for the biggest rise in disposable incomes for 20 years
- Growth in 2015 is expected to match last year's expansion of 2.8%
- To strengthen to 3% in 2016
- "The economy is taking the general election in its stride as 'noflation' trumps politics. The eurozone recovery is bedding in and completes the positive UK growth picture that we anticipate for 2015 and 2016."
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Well, I'm completely wrong.
I thought they were some sort of rave club, but no. The EY ITEM Club are a UK economic forecasting group. They produce quarterly economic UK forecasts.
