UK economy set for growth

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​The UK economy will continue to post solid growth rates over the next ​three​ years but, as consumer spending slows, ​the UK​ will have to rely on harder to win gains from increases in business investment and productivity, according to the EY ITEM Club Autumn Forecast.

The EY ITEM Club sa​id​ that over the last year consumers have enjoyed a ​“​sugar rush​“ ​as falling commodity prices pushed inflation down to zero. However, a combination of rising inflation and a tightening fiscal policy will see consumer spending growth slow from ​three per cent​ in 2015 to 2.6​ per cent​ in 2016 and 2.1​ per cent​ in 2017.

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