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EY have been sole sponsors of the ITEM Club for 25 years. It is the only non-governmental forecasting group to use HM Treasury's model of the UK economy. Our reports provide a detailed economic analysis and forecast of economic activity for the period ahead. They are independent of any political, economic or business bias.

Mark Gregory, Our Chief Economist, provides the business implications of these macro-economic forecasts. Our team includes around 40 economists, and we are well-placed to help you understand the implications of economic change for your business.


Quarterly UK Forecast

EY ITEM Club Winter Forecast 2014-15

Winter 2014-15

Silver lining in the storm clouds turns gold.


Special reports

 EY ITEM Club Special Report on Labour

Special Report on Labour

Strong rises in employment combined with very weak growth earnings mean first real pay rise since 2007, but don’t expect a return to boom time wage growth.


Quarterly Financial Services Forecast

EY ITEM Club Outlook for Financial Services Spring 2015

Spring 2015

The UK economic outlook is positive. GDP is rising, business investment strong, and export performance expected to improve. What does this mean for FS in 2015?


Scotland Forecasts

EY Scottish ITEM Club Forecast 2015 print version

2015 Forecast

Scotland’s economy will continue to grow into 2015 following its strongest year since the financial crisis.