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 upgrades its UK economic growth forecast for 2014 to 3.2%.
- BCC expects growth to moderate in 2015 and 2016 as interest rates rise.
- Though inflation is falling, weak wage growth remains a risk to the recovery.