Economic growth in the UK is "becoming more broad-based", complete with "solid increases" in investment, a senior member of a powerful business lobby has said.
CBI deputy director-general Katja Hall said:
– Katja Hall
The UK economy is performing strongly thanks to rising business and consumer confidence, better credit conditions at home and improving global economic conditions.
What's encouraging is that growth is becoming more broad-based, with solid increases in business investment over the past year. This bodes well for the year ahead.
But there are risks to the UK's outlook from global developments, including the possibility that the situation in Ukraine and Russia could impact on global commodity prices.