Economists gloomy over prospects for UK recovery.

(From Yorkshire Post)

Byline: Staff Copy

Ernst & Youngas influential Item Club team of experts warned that recent hopes of a recovery were now running ahead of reality and predicted that the UK would not see a sustainable improvement in the economy until world trade started to pick up. Professor Peter Spencer at the University of York, chief economic adviser to the Item Club, said: aoeThe economic patient has been in trauma, but thanks to the paramedics at the Treasury and the Bank of England who pumped billions of pounds worth of medicine into the economy, the patient has been stabilised for now.aoeBut it remains unclear how quick and complete recovery will be …