Confederation of British Industry out overnight with their latest, improved, outlook
– 2015 +2.6% vs +2.4% prev
– 2016 +2.8% vs +2.5% prev
– lower inflation, rising wages and higher productivity all cited to boost consumer spending
Earlier on BBC radio CBI director-general John Cridland said interest rate hikes would have minimal impact on industry but recognized some shock to household budgets.