The Bank of England has raised it's growth outlook for the UK for the current years.
The central bank estimates Britain's economy will grow 2 per cent in 2017, which is up from a November forecast of 1.4 per cent. Bank analysts predict the economy will slow in 2018 but still have an estimated 1.6 per cent growth.
The bank said domestic demand had been stronger than expected and consumer spending had continued to rise despite a slowdown anticipated after Britain voted for Brexit.
However Bank Governor Mark Carney says this does not mean Britain's vote to leave the European Union had no affect.
IN: "This stronger…
OUT:…incomes."
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