The latest UK plc survey from the Institute of Chartered Accountants and Grant Thornton has just been published. This takes on board the views of professionals working in a large range of capacities across all sectors of the UK economy.
In summary, the report upgrades its prediction for growth in 2013 to 1.5%, and up to 2.3% in 2014 - back to pre-2007 levels of growth for the first time, though the economy will still be smaller than prior to the economic crash. It believes the growth is consumer-led and, positively, is across a wide range of industry sectors, including construction and manufacturing.
The report is more cautious about business investment, employment and wage levels and exports in the near term, stating that these aspects need to follow suit to ensure that the recovery is sustainable.