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By Prospect Team  

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CBI boosts growth forecast as interest in new products climbs

The Confederation of British Industry (CBI) has increased its growth forecast for Britain to 1.2 per cent this year (up from one per cent) and 2.3 per cent next year. The figures, echoing Bank of England governor Mark Carney’s recent comment that the economy had reached “escape velocity,” reflect a combination of stronger houshold spending, rising house prices and stability in the…

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