BusinessCompany NewsITEM Club says UK growth underestimated

ITEM Club says UK growth underestimated

The Office of National Statistics is currently underestimating the growth of the UK economy, and will have to revise its data over the summer, according to an influential economic think-tank.

Link: ITEM club predicts healthy grow rate

Ernst & Young’s ITEM Club, in its economic update released today, has questioned why official growth figures for the UK are so low when the global economy is showing its most robust growth levels in the last 25 years and UK businesses are showing record levels of optimism.

‘The official data have been lagging the upturn and will surely be revised up over the summer,’ said Peter Spencer, chief economic adviser to the ITEM Club.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor