UK economic growth 'to fall to 2.4% in 2015'

It said the forthcoming election and accompanying political uncertainty will hold business back from investing, according to the BBC. Growth will also be constrained by worries about the eurozone and the Ukraine conflict, EY Item Club said. The 2.4% figure is well below forecasts issued by the Bank of England, the CBI and the International Monetary Fund. The Bank's chief economist, Andrew Haldane, has said he is downbeat over the UK economy because of weaker global growth, low wage growth and financial and political risks. He said interest rates should remain low to avoid long-t...