So are we out of the woods? The economy grew 0.7% in the three months April to June 2015. We are back in positive territory with the increase coming from Services and Oil & Gas. Has the economy really moved out of slow motion? It is clear that the economy is far from perfect but for now growth appears to be back on track.
This presents a dilemma for the BofE policy committee, does this mean that an interest rate raise will be sooner rather than later? Will a rate rise stifle economic growth? I’m not convinced that there is sufficient confidence to make the call yet. The BofE Governor is certainly talking about it to prepare us.
Solutions Edge 