It forecasts "dismal" growth of 0.4% this year, rising to 1.5% in 2013.
From 16th Jan 2012
Even if a solution was found, Britain's economy would still only grow by 1.75% in 2013 and 2.8% in 2014, it said.
From 17th Oct 2011
It says growth should pick up to 1.5% in 2012, although that is also well under the 2.2% it previously predicted.
From 18th April 2011
The Item Club expects the UK economy to grow by 1.8% this year.
It then forecasts the growth rate will rise to 2.3% in 2012 and 2.7% in 2013.
From 18th Oct 2010
Gross domestic product (GDP) will grow 1.4% this year and 2.2% in 2011, the Ernst & Young ITEM club predicted.
The consistently overestimate growth. Now they are saying 0.4%. Oh dear!