By Chris Dorrell The UK received another upgrade on the back of its strong performance in the first half of the year, with EY the latest firm to bump up forecasts for the economy. The consultancy now expects gross domestic product (GDP) to grow 1.1 per cent this year, up from a previous estimate of 0.7 per cent. EY forecast that falling inflation would help deliver a substantial boost to household incomes over the coming years even as wage growth slows. Inflation is expected to average 2.5 per cent this year and 2.2 per cent next year, which will help consumer spending grow 0.8 per cent this y…