Tag: EY Item Club

• Monday, October 15th 2018 - 08:04 UTC

  UK economic low growth anticipated for next three years, with or without a Brexit no deal

  

  United Kingdom can expect low economic growth for the next three years, while a no-deal Brexit could dent growth even further, says a forecasting body. The EY Item Club predicted GDP growth of 1.3% this year and 1.5% in 2019, down from 1.4% and 1.6% respectively in its previous outlook three months ago.

• Monday, April 23rd 2018 - 08:41 UTC

  Bank of England likely to raise interest rates twice in 2018 and 2019

  

  The Bank of England is likely to raise interest rates twice this year and twice in 2019, despite a sluggish economy, says a forecasting body. Bank governor Mark Carney has said a rate rise is “likely” this year, but any increases will be gradual.

• Tuesday, October 17th 2017 - 18:47 UTC

  Business calls on the Bank of England to delay raising interest rates

  

  Bank of England should hold off from raising interest rates next month, according to a forecasting body. Bank governor Mark Carney has said rates could go up in the “relatively near term”, with many analysts expecting a hike in November. However, the EY Item Club said such a move risked hurting the UK's “fragile economic outlook”.

• Wednesday, April 12th 2017 - 09:44 UTC

  UK inflation steady in March with rising food and clothing prices

  

  Inflation in the United Kingdom held steady last month, as rising prices for food and clothing were offset by lower air fares. The UK Office for National Statistics, ONS, said inflation as measured by the Consumer Prices Index remained at 2.3%.

• Tuesday, April 11th 2017 - 15:30 UTC

  UK on the verge of an export and spending boom, anticipates the EY Item Club

  

  Britain is on the verge of an export and spending boom as economists rule out the likelihood of a slowdown this year. Strong global growth combined with the weak pound is expected to send overseas sales soaring, giving businesses the confidence to ramp up investment.