A firmer rise in household spending, accompanied by robust investment growth, will help to fuel faster ‘twin engined’ growth in the UK economy, according to the latest CBI economic forecast out today.
The UK’s leading business group is forecasting 2.6% GDP growth for 2015, up from 2.4% in June – and 2.8% in 2016, up from 2.5%. The upgrade is due to a combination of factors, including signs of recovering productivity in the first half of this year feeding through to stronger wage growth. Combined with continued…
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