Oil rout taking UK economy to 'joyflation': consultant

Paris

THE UK economy is about to get a dose of "joyflation." That's the term coined by Oxford Economics Ltd to describe the combination of the oil-driven slowdown in inflation and accelerating economic growth. It's enough to force the Misery Index - a measure of an economy's health generated by adding the rates of unemployment and inflation - to its lowest since at least 1989 when consumer-price data became available.

For Prime Minister Da…