This briefing provides an easy-to-use commentary on the key economic indicators for UK businesses. The report also provides a comparison between the economic data compiled by external organisations such as the Office for National Statistics (ONS) and the BCC’s own Quarterly Economic Survey and economic forecast.
This month’s headlines:
- BCC forecasts UK economic growth to reach 7 year high in 2014, before slowing in 2015
- Consumer spending and services remain the main drivers of UK economic growth
- First rise in UK official interest rates expected in Q1 2015, to 0.75%.