Ernst & Young ITEM Club research released today forecasts that falling oil prices, one of the few bright spots for British consumers this winter, could provide a further substantial boost to the economy in the next 3 years but might also spark deflation.
http://www.ey.com/GLOBAL/content.nsf/UK/Media_-_09_01_05_DC_-_Plummeting_oil_prices_could_boost_economy