According to an influential forecast that was recently released, despite of the global market commotion that cleared £110 billion off public companies' values in so far this January, Britain's growth will be faster in 2016.
The EY Item Club uses the Treasury's economy model. They expect a growth of 2.6%, in comparison to the previous year's 2.2%, on the back of a strong improvement in consumer spending.
They also predict an increase in consumer spending by 2.8%, due to the low inflation.
