Business leaders have predicted interest rates will need to rise early next year as they issued a warning about "unsustainable" house prices.
The Confederation of British Industry (CBI) expects a rise of 0.25 per cent in the first three months of 2015, from 0.5% to 0.75%.
The business lobby group previously predicted the Bank of England would have to start raising rates in the third quarter of next year - but has now brought that forward to the first quarter.
The CBI also raised its forecast for the UK's gross domestic product forecast for this year from 2.6% to 3%.
Director-general John Cridland said property values were expected to rise by 8.2% this year, and 5.1% next.
But he warned: "We have to remain alert to the risks posed by unsustainable house price inflation, and the (Bank's) Financial Policy Committee is poised to act when necessary."
More top news
Rain will clear east through this evening to leave a drier night for most, however showers will continue across some northern areas.
Speaking to ITV News, Dyke said everyone in the England camp was 'distraught and deeply upset ' at the team's early exit from Euro 2016.
ITV News travelled on a bus in the multicultural city to find out what people voted and why and discovered some concerns about the future.