Ernst & Young

ITALIAN DEBT

The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will ensure interest rates do not rise until next year, an influential report has forecast.

Monetary Policy Committee member Adam Posen's surprise decision to curtail his calls for further quantitative easing in the UK raises questions over the Bank of England's next move.

The eurozone faces a "mild" recession in the first half of next year, restricting full-year economic growth in the region to just 0.1%, according to Ernst & Young.

The Independent Commission on Banking (ICB)'s plans to ring-fence will have a very limited impact on the UK's economic output, according to Ernst & Young.

Ernst & Young (E&Y) "sat by silently" as Lehman Brothers tried to hide its financial problems from investors in the months before its collapse, US prosecutors have alleged in a lawsuit.

All 11 of the Arch cru fund cells have been suspended from the Channel Islands stock exchange (CISX) after auditors said they could not find enough evidence of yearly cash flows.

Britain is likely to see an export-led economic recovery going into 2011, but the economy will continue to suffer for the rest of this year, according to the spring forecast from the Ernst & Young ITEM Club.