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{{Short description|UK economic forecasting group}}

The '''ITEM Club''' is an economic forecasting group based in the United Kingdom. ITEM stands for ''Independent Treasury Economic Model''. It was founded in 1977 to produce quarterly economic UK forecasts, which are often mentioned in the UK news media.<ref>{{cite news|title=UK economic growth to slow over winter, says forecasters|url=https://www.bbc.co.uk/news/business-11561137|publisher=[[BBC]]|accessdate=18 October 2010|date=18 October 2010}}</ref> It ishas been sponsored by EY ([[Ernst & Young]]), a firm of business and financial advisers,<ref>[http://www.ey.com/GL/en/About-us/Our-people "Our people"] since 1999, Ernst & Young corporate website. Retrieved on 2010-01-05.</ref> and was officially named '''The EY ITEM Club''' in 2012. ItThe ITEM Club is said{{byclear whom}}in toall beits materials that it is independent of any political, academic or commercial bias despite corporate sponsorship.

The UK model is used by [[HM Treasury]] for its policy analysis and biannual Industry Act forecasts for the Budget. This enables ITEM to explore the implications and unpublished assumptions behind Government forecasts and policy measures. ITEM can test whether Government claims are consistent and can assess which forecasts are credible and which are not.

Dr.Martin HowardBeck Archerhas isbeen the EY ITEM Club's chiefSenior economicEconomic adviser,Advisor takingsince overJuly from2021 Professorreplacing PeterDr SpencerHoward Archer who was in role since June 2017. Archer joinedtook theover EYfrom ItemProfessor ClubPeter afterSpencer, nearlyone 17of yearsthe asUK's Chiefmost UKdistinguished andeconomists Europeanwho Economisthad atheld IHSthe Globalposition Insightsince 2001.

==References==

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www.ey.com/uk/economics

* [http://www.ey.com/UK/en/Issues/Business-environment/Financial-markets-and-economy/Economic-Outlook---What-is-ITEM-Club What is the Item club] Ernst & Young website (retrieved 24 July 2009)

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[[Category:Economic forecasting]]