Summary
UK consumers are showing signs of a sustained recovery in spending, following growth of just 1.4% in 2005, which was the lowest since 1992. Survey evidence suggests a positive World Cup effect is turning into a more robust recovery, as we have projected. Consumption is likely to grow more in with incomes, and there will no return to the boom conditions of the last decade.
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Extract
Uk Weekly Brief
UK consumers are showing signs of a sustained recovery in spending, following growth of just 1.4% in 2005, which was the lowest since 1992. Survey evidence suggests a positive World Cup effect is turning into a more robust recovery, as we have projected. Consumption is likely to grow more in with incomes, and there will no return to the boom conditions of the last decade.
There are promising signs that the UK consume...See the full content of this document
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