UK economy forecast: sustained growth for the rest of the year
British economy is set for further sustained growth for the rest of 2013, forecasters at the Centre for Economics and Business Research (CEBR) have just revealed, while GDP is also expected to grow by 1% over the course of 2013, compared to the initial 0.7% estimate from April.
According to a media source, the report revealed that the levels of confidence in the British economy are literally sky-rocketing, reaching its highest levels since 2010.
It is also estimated that the economy will record a further major boost caused by the arrival of the royal baby Prince George, set to cause a surge in spending from local and foreign consumers alike.
Additionally, end-consumers seem to have some good prospects as well, since pay growth in the private sector has picked up in recent months, bolstered by the record increase in the tax-free personal allowance in April.
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