UK economy growing at 'fastest rate since 2003'

The British economy is growing at its fastest rate since the last boom, according to figures from the UK's most powerful business lobby.

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The pace of growth is expected to remain above average over the next three months, the CBI said. Credit: PA

The Confederation of British Industry (CBI) said economic growth in May gave its strongest reading since data began in 2003.

The poll of 726 firms found a balance of plus 35% - the difference between those reporting higher output in the last three months and those saying it was lower. It was up from plus 25% in April.

It suggested the UK economy - which grew by 0.8% in the first three months of 2014 - had continued to perform strongly going into the second quarter, the CBI said.

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UK growth 'fastest in 10 years' says business lobby group

The UK economy is growing at a faster pace than it was at the height of the 00s boom, according to figures from the Confederation of British Industry (CBI).