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| Version 2 | Version 3 |
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| CBI: UK seeing 'right kind of growth' | CBI: UK seeing 'right kind of growth' |
| (about 7 hours later) | |
| The UK economy is starting to see the right kind of growth, says employers' organisation the CBI. | |
| "Our forecast shows encouraging signs that business investment and net trade are starting to play their part," said CBI boss John Cridland. | "Our forecast shows encouraging signs that business investment and net trade are starting to play their part," said CBI boss John Cridland. |
| He said the recovery was not a "debt-fuelled, housing bubble-led recovery", as some economists have feared. | He said the recovery was not a "debt-fuelled, housing bubble-led recovery", as some economists have feared. |
| However, Mr Cridland warned that political uncertainty ahead of the election could be a real "mood killer". | However, Mr Cridland warned that political uncertainty ahead of the election could be a real "mood killer". |
| "There is no doubt that business leaders are concerned about political uncertainty as we enter a lengthy election campaign," he said. | "There is no doubt that business leaders are concerned about political uncertainty as we enter a lengthy election campaign," he said. |
| "This could be a real mood killer when business leaders are faced with making big investment decisions in the months ahead." | "This could be a real mood killer when business leaders are faced with making big investment decisions in the months ahead." |
| Export growth hope | Export growth hope |
| The CBI, which represents some 240,000 businesses, predicts that business investment growth will rise at its fastest rate since 2007, helped by improving confidence amongst businesses and low borrowing costs. | The CBI, which represents some 240,000 businesses, predicts that business investment growth will rise at its fastest rate since 2007, helped by improving confidence amongst businesses and low borrowing costs. |
| In addition it is predicting that export growth will strengthen as the eurozone and the broader global economy pick up. | In addition it is predicting that export growth will strengthen as the eurozone and the broader global economy pick up. |
| On housing, the CBI said that much of the price increases had been in London and the South East and were not being replicated across the country. | On housing, the CBI said that much of the price increases had been in London and the South East and were not being replicated across the country. |
| In line with other forecasters, the business group also upgraded its growth forecast for this year to 2.6%, up from 2.4% in November and said that it saw "no prospect" of an interest rate rise until late in 2015. | In line with other forecasters, the business group also upgraded its growth forecast for this year to 2.6%, up from 2.4% in November and said that it saw "no prospect" of an interest rate rise until late in 2015. |