City panel says British economy will avoid a double-dip recession

THE UK economy is not heading for a double dip recession, according to our Voice of the City panel.

City A.M. and PoliticsHome asked members of the panel, which is made up of London’s financiers and business people, to predict the state of the British economy in 2015.

Just three per cent said they expected recession, compared with 85 per cent who predicted some kind of growth.

Forty-five per cent expected “moderate” growth; 35 per cent expected “slow growth”; and five per cent expected “strong growth”.

Eleven per cent said they expect the economy to be stagnating in 2015, when Britain is most likely to go back to the polls.

• PoliticsHome interviewed 489 people from the specially recruited Voice of the City panel by email between 12 and 16 May.

To answer this week’s questions on takeover rules, public sector reform and the 2012 US election, fill in the application form at www.cityam.com/panel before 12pm today.

Members of the panel who respond to at least 80 per cent of surveys between now and September will be entered into a prize draw to win a luxury weekend in Paris.

Full Ts&Cs available on request.