Large companies are swimming in cash, while consumers are drowning in debt

So says the Quarterly Economic forecast produced by the Ernst & Young Item Club. They forecast that UK GDP growth will be only 1.8% this year, but will rise to 2.3% in 2012 and 2.7% in 2013. Where will the growth come from? They believe that there will be a “major revival” in business spending and forecast that business investment … Continue reading

Posted by Nigel Tree | Comments Off on Large companies are swimming in cash, while consumers are drowning in debt