- The UK economy is recovering slowly from the global financial crisis, with GDP growth of 0.7% in the second quarter of 2014 and a forecast of 1.5% growth for the year. Unemployment is falling but remains high, while inflation is decreasing. - The housing market is rebounding due to increased first-time buyer loans and affordable mortgage rates from government schemes. However, rising house prices could make buying difficult for first-time buyers. - Interest rates remain at historic lows of 0.5% until 2016 to encourage growth, but this disadvantages savers. The MAS can expect increased demand for housing and savings advice.