“The UK is forecast to be the second most successful of the Western economies after the US. Positive demographics with continuing immigration, rather less exposure to the problems of the Eurozone than other European economies combine with relatively low taxes by European standards to encourage faster growth than in most Western economies,” the CEBR said. “By 2029 the UK will almost have caught up with Germany and we still forecast that the UK will overtake Germany to be the largest Western European economy around 2030.”