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Britain’s Economy Grows Fastest in Six Years

Britain’s economy grew at its fastest pace in 2013 in six years, according to a report released ahead of Tuesday’s official GDP (gross domestic product) numbers.

The Confederation of British Industry (CBI), a business lobbying group, forecast the U.K. economy grew by close to 2 percent last year, with improving credit conditions and the better global economy feeding through to rising consumer spending and business confidence.

“A picture is unfolding of a real upsurge in output across much of the U.K. economy,” Katja Hall, CBI chief policy director, said in a news release.  “Many firms in many sectors are feeling brighter about their prospects than they have for a long time, showing the recovery is gaining traction.

CNBC [1]

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