Falling oil prices will significantly boost the UK economy as consumers spend more elsewhere, according to a leading economic forecaster.
The EY item club says lower petrol costs will help an economic recovery beginning to lose momentum as a result of the stagnant eurozone economy.
It also now expects UK interest rates to stay on hold at record lows into 2016, as inflation falls.
Danny Cox of stockbroker Hargreaves Lansdown says all of that is now expected to feed into GDP growth this year.
IN: "Falling fuel…
OUT: ...quickly."
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