The British Chambers of Commerce (BCC) thinks the second quarter, starting in April, will see GDP exceed the level seen at the start of 2008. In upgraded forecasts, it estimates economic growth will be 2.8% this year – up from its earlier estimate of 2.7%.
John Longworth, BCC director general warned it was not “time to break out the champagne glasses just yet”.
He added: “Major issues remain, such as the unacceptably high level of youth unemployment.
“We urge the chancellor to use this month’s Budget wisely by incentivising businesses to hire young people so that the next generation of workers are not left behind.” Read more
