UK economy set for steady growth

By Leigh Harrison, manager of the Credit Suisse Growth and Growth and Income funds The bull case for the market centres on the resilience of the UK economy and the relatively low valuation of the market. The economy looks healthy, government spending is rising, consumer confidence is high, unemployment low and, crucially, the housing market is buoyant. With low interest rates and low inflation, the UK looks set for a period of steady, if unspectacular, growth. Add to this the fact top-down earnings expectations for the UK are modest and the valuation of these earnings starts to look...