Speaking at a charity dinner hosted by Perspective Financial Group, former Prime Minister Sir John highlighted the positive trends of decreasing unemployment and increasing output.
However there was also a note of caution that much will depend on the upcoming US 'fiscal cliff' and how the US economy would react to any removal of current stimulating tax breaks.
Damian Keeling, managing director at Perspective Financial Group, said: “Sir John was insightful, charming and frank on numerous issues and it was reassuring to hear his positive views on the UK economy in particular that he believes growth has returned and we are over the worst.”
The event was held to support The Tim Parry Johnathan Ball Foundation for Peace, of which Sir John is a patron.
The Foundation, which works to support those affected by conflict and politically motivated violence, was established by Colin and Wendy Parry who lost their 12-year-old son, Tim, in an IRA attack in Warrington in 1993. Three-year old Johnathan was also killed in the bombings.
Keeling added: “We were delighted to welcome so many leading figures from our industry to this dinner hosted by Sir John Major and the remarkable Colin and Wendy Parry. A member of our management team is a trustee of the foundation and we were very pleased to be able to offer publically our support and introduce this important charity to our peers."
