• But comparisons by the Item Club of economists are a bit unfair, or at least misleading.

    BBC: Making up lost ground

  • With employment on track to fall next year, only sluggish recovery will follow, the Item Club said.

    BBC: 'Slow recovery' for Scots jobs market, economists warn

  • While the Item Club, using the Treasury forecasting model, has also downgraded its UK forecasts, both years put Scotland behind.

    BBC: Stands Scotland's economy where it did?

  • The latest analysis and forecast from the Item Club Scotland points out there are other telling comparisons closer to home.

    BBC: Making up lost ground

  • Coming further up-to-date, the Scottish Item Club has a telling analysis of the Scotland's jobs market over the downturn so far.

    BBC: Stands Scotland's economy where it did?

  • Professor Peter Spencer, the Item Club's chief economic adviser, said its downgrade was mainly due to the squeeze on household income.

    BBC: FSB calls for targeted VAT cuts to boost UK economy

  • It's not that easy to say for sure, but the Item Club economists suggest it might be explained by sectoral changes in employment.

    BBC: Stands Scotland's economy where it did?

  • According to forecasting group, the Ernst and Young Item Club, inflation and subdued pay rises will leave Britons with less cash to spend.

    BBC: Newspaper review: Arrest of IMF chief explored

  • The firm's Item Club forecast predicts strong growth and below-target inflation, but tighter profit margins which could hit investments and jobs by next year.

    BBC: 'Outlook rosy' for UK economy

  • While Item Club forecasts are downbeat for Scotland over this year and next, it finds that growth has been relatively strong over the medium-term past.

    BBC: Stands Scotland's economy where it did?

  • The Item Club says that the change should be used by the Treasury to "review the remit" that it gives the Bank's interest rate-setting Monetary Policy Committee.

    BBC: Treasury must be more innovative, says Item Club

  • And the Item Club throws in a warning that the debate over corporation tax powers and an independence referendum is creating uncertainty, which could harm business investment in Scotland.

    BBC: Stands Scotland's economy where it did?

  • For example, one economic forecaster, the Item Club, said that the UK would generate about three-quarters of the revenues from any FTT if it was applied across the European Union.

    BBC: Pounds and euros

  • The Item Club report said that as the government continued with its "plan A" of cutting public spending to try to reduce the UK's public deficit, the economy was "muddling through".

    BBC: Treasury must be more innovative, says Item Club

  • Regarding the Bank of England, the Item Club said the 2% inflation target had become "a risk to the credibility" of the Bank, and that the target was "long-past its sell-by date".

    BBC: Treasury must be more innovative, says Item Club

  • And if Scotland's growth rate lags, as the Item Club forecasts for this year and next, then that would mean a lower increase in aggregate earnings from which that tax revenue is drawn.

    BBC: Stands Scotland's economy where it did?

  • The Scottish Item Club twice-yearly forecast confirms there are big job losses afoot in the public sector, but it highlights indications that the private sector is on track to do well at replacing them.

    BBC: Stands Scotland's economy where it did?

  • The following year, the Item Club forecasts Scottish growth rising to 1.8% and then up to 1.9% for the next two years, while the UK as a whole is back to 2.4% each year.

    BBC: Making up lost ground

  • The Item Club highlights the importance of the large and diverse business services sector in being the main engine of growth, while manufacturing has stagnated and construction remains about 10% below its pre-downturn output.

    BBC: Making up lost ground

  • The Item Club also says that the government's choices include sticking to the current inflation target of 2% - which could mean no more interest rate cuts for some time, and therefore lower economic growth.

    BBC: Food price rises 'to hit UK hard'

  • The Item Club said that unresolved worries about the global economy, with Greece a major threat to the financial system and the Republic of Ireland a particular worry to UK banks, were likely to hold back UK business investment.

    BBC: FSB calls for targeted VAT cuts to boost UK economy

  • Yet despite the Item Club's concerns, it did say that the UK economy should see at least short-term growth, "driven by improving prospects for the consumer, with falling inflation and rising employment levels boosting disposable income, helping to revive the High Street".

    BBC: Treasury must be more innovative, says Item Club

  • Beckham, who instantly became the top trending item on Twitter in France on Thursday, will play for the Parisian club until the end of the season in June.

    WSJ: David Beckham Signs With PSG

  • Item one for the prosecution: a survey conducted by the influential Makati Business Club that found the highest court had fallen in esteem from first place in 1986 to No. 18, below even the national telephone service.

    CNN: A Supreme Lack of Faith

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