According to an EY Item Club report, UK economy should be expecting a growth of 2.8% this upcoming year. There were various factors contributing to this, including the recovering of the Eurozone's economic as well as lowering oil price due to the Ukraine crisis, high level of employment and inflation has fallen to 0%. The Item Club also predicts the UK economy to keep staying strong on it feets despite their might be negative shocks from Russia and Ukraine, as well as the Greece Crisis in the Eurozone.
Although inflation reaching 0% is a good sign (mainly due to high level of inflation during 2011-2012 period in Europe), I would be concerned with raising the level of inflation by a bit as there might be risk of deflation (which is just as hard to mitigate as high inflation), as well as a general positively low level of inflation is required for economic growth (~2%).
http://www.bbc.com/news/business-32376418
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While the vitals of the UK economy are finally strengthening, the minority government that could likely be formed in the aftermath of the General Election on 7 May will provide a great deal of policy instability and uncertainty. With this said, the UK has had a hard time recovering from the GFC with a double dip recession accompanying. Its recovery is late but a good sign for global economic futures.
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