CBI Forecast Economic growth in 2014/15 and interest rates to be held

The latest from the CBI ahead of their annual forecast, as given by head honcho of the CBI John Cridland (Director-General), is that there is expected to be growth in the economy. That is probably not a big surprise as the service sector despite the tough times has remained 'steady' albeit battered and bruised by the banking crisis and the general woes of the recession. The other point that Mr Cridland made but did not get near enough headline coverage was that the CBI expects the Bank of England to hold the interest rates during the 2014/15 period. This is good news for property buyers and whilst not obvious good news or investors - it is not bad either. Investors that are able to come with creative ways to invest in the property market still have the capacity to take advantage of the low interest rates. /

http://www.cbi.org.uk/media-centre/press-releases/2013/11/uk-now-on-a-steady-growth-path-through-2015-and-beyond-cbi