It is pleasing to read
that Ernst and Young are forecasting the UK economy will rebound in the second
half of this year and grow by 1.2% next year buoyed by a housing market revival
next spring.
There are "if's and but's" and much will depend on the extent
to which consumers take opportunities to pay down their debts. This won't be
helped by yet more price rises being passed onto them by their gas and
electricity providers from November.
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