The UK economy is set to grow at its fastest rate on record this year, experts have predicted. The EY Item Club has upgraded its 2021 growth forecast from 5% to 6.8%, which would mark the fastest rate seen since 1973. Chief economic advisor Howard Archer said the economy had "proven to be more resilient than seemed possible". The vaccine rollout and relaxed restrictions had helped the recovery, it said. The UK's GDP, which measures all the activity of companies, governments and individuals in the economy, shrank by a record 9.9% last year as coronavirus restrictions hit output, according to the Office for National ... (full story)