Woodford IM: UK economy is more unbalanced than ever before

The company, founded by industry veteran  Neil Woodford (pictured), said efforts to rebalance the UK economy in the wake of the 2008 financial crisis have failed, with the average household saving less than 4% of its income each year and house prices becoming increasingly stretched. Despite the economy being stronger than expected over recent years, growing at a moderate pace relative to global growth, Woodford IM said the UK is being driven by unsustainable forces and an excessive reliance on consumption. "The UK economy is more unbalanced today than ever before," the group said. "UK...