Harrison and Brazier bullish on UK despite economic gloom

Leigh Harrison and Simon Brazier, the co-heads of UK equities at Threadneedle, have turned positive on the UK stock market despite forecasting GDP growth less than consensus expectations.

Brazier says he is the most positive on equities than he has been for some time despite the weak UK economy. The pair anticipate GDP growth to be lower than the 1.3% in 2010 and 2.6% in 2011 forecast by the Office for Budget Responsibility, but emphasise there are still plenty of opportunities in the stock market for investors to make money. Harrison says: "We have a gloomy economic outlook with a number of years of significant news that is likely to depress, such as fewer jobs or weak consumer spending, but this does not necessarily feed directly into the stock market." He adds th...