EY Item Club raises growth forecast for 2014 to 2.9% from earlier prediction of 2.7%
Britain's economy will enjoy "decent but unspectacular growth" with wages rising in real terms for the first time in six years and low inflation allowing the Bank of England to avoid raising interest rates before next year's general election, according to a group of economic forecasters.
The EY Item Club has raised its growth forecast for 2014 to 2.9% from an earlier forecast of 2.7%.
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