The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will ensure interest rates do not rise until next year, an influential report has forecast.
UK GDP growth will hit 3.1% this year, spurred by strong capital investment by businesses, the EY Item Club said. Meanwhile interest rates will not rise until the first quarter of 2015, it predicted....
'Illusion of control'
Reasons to be cheerful
Total investment reaches £9m
Medium to long-term capital growth