Why the UK economy will finally enter a phase of growth in 2024

The latest EY ITEM Club Winter Forecast explores the challenges and opportunities linked to the UK’s economic prospects and, crucially, what this means for consumers and their spending power.

Spending in the UK was heavily impacted in 2023 due to high inflation rates, rising energy and grocery prices, and increasing mortgage rates. However, the situation in the UK could improve, with support from the UK government, the Bank of England and slowing inflation.

Our speakers provide a comprehensive overview of the EY ITEM Club Winter Forecast 2024, debating if there’s pessimism around the outlook or whether better times are ahead.

This 60-minute on-demand webcast:

• Examines the importance of recent developments, from slowing inflation to falling oil and gas prices, despite international conflict.
• Explores what the Bank of England has planned in terms of interest rates and tax cuts this year.
• Debates if the housing market will stagnate rather than decline further.
• Discusses how current and future risks will impact the UK growth forecast, including geopolitical and domestic political changes, plus the direction of the monetary policy.

For more information, read the EY ITEM Club Winter Forecast 2024.