Ahead of the publication of official data this week that is expected to confirm robust growth, Bank governor
The governor defended his first six months at the Bank as having shored up confidence with forward guidance. He told the
Carney, who was in
Writing in the Sunday Times, Broadbent said: "Few expected the economy to grow as quickly as it did last year. It is reasonable to expect both a continued recovery and, after a difficult few years, growth in real wages as well."
There is still some way to go before the economy gets back to where it was before the global financial crisis and there have been questions too - including from the government's own independent forecasters at the
Stock market analysts predict further gains ahead for the
After their strongest week since last summer, leading shares will get another boost this week as a pounds 49bn cash-and-share payout from
There are tentative signs that growing confidence is encouraging businesses to invest, a development that policymakers say is vital to securing the recovery. Business surveys today will bolster hopes that hiring and investment are improving.
A report from business lobby group the CBI suggests optimism in the dominant services sector is rising at the fastest pace for more than a decade. The pick-up in confidence was widespread across the sector, the survey of 139 firms said.
Business volumes rose at the fastest pace since 2005 and profitability improved for the first time since 2007.
Most Popular Stories
- Major Phone Makers Sign Anti-Phone-Theft Pledge
- 'Beige Book' Federal Reserve Survey, April 2014: Full Text
- Chevrolet's Small SUV Coming to the U.S.
- Yahoo Struggles Despite Alibaba Boost
- Brands Get Caught in Bitter-Tweet Traps
- Rapper Cuts Off Own Penis, Jumps Off Building in Failed Suicide
- Is This Job Too Good to Be True?
- Neil Young Closes Kickstarter Campaign for PonoMusic
- Yellen Remarks, Market Data Give Stocks a Boost
- Castro Named as a Caress Fabulista