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
Smoke was seen for miles around today after a Weatherspoons pub caught fire in south east London.
Lord Montagu, who founded the National Motor Museum at Beaulieu, has died aged 88 following a short illness.
Expensive fares and late arrivals make Britain's railways "second rate" compared to European rivals, a study has found.