21/01/2014

IMF Predict 2.4% Growth In UK Economy

The UK economy is predicted to increase by 2.4% this year, according to a new growth prediction by the International Monetary Fund (IMF).

The IMF's prediction would have the UK economy growing faster than any major European economy.

The 2.4% expected growth is up on the 1.9% previously predicted. And in 2015 the IMF predicts growth of 2.2%.

News of the IMF growth prediction has been welcomed by the Treasury, who have said that it is further evidence that the government's economic plan is working.

(MH/CD)

Related UK National News Stories
Click here for the latest headlines.

29 January 2015
Sky To Launch New Mobile Phone Service
A new mobile phone service is to be launched by pay-TV company Sky in partnership Telefonica, O2's Spanish parent company. Sky, adding mobile to its internet, landline and TV, will use Telefonica UK's wireless network to offer the new service.
06 December 2011
£1bn Regional Growth Boost Announced
The UK's £1 billion boost to the Regional Growth Fund announced in the Chancellor’s Autumn Statement last week is expected to enable the fund to support around half a million jobs in total. Deputy Prime Minister Nick Clegg will visit the North West today where he will set out further details on the boost to fund, which will now be £2.
31 October 2011
Clegg Announces £950M For Jobs
The Deputy Prime Minister has announced a Government investment of £950 million to create and safeguard more than 200,000 jobs across England. The money is the second tranche from the Government’s £1.
06 June 2011
'No Changes To Economic Policy', Says IMF
Confirming that no changes need to be implemented to UK economic policy, the International Monetary Fund (IMF) have explained that weak economic growth and rising inflation had been "unexpected", but described it as "largely temporary".
24 May 2011
Business Encouraged To Bid For Share Of Funding
Sir Ian Wrigglesworth has visited a road show in Dudley, Staffordshire to promote the second round of the Regional Growth Fund and encourage bidders to compete for a share of £950m.