BCC revises up UK growth forecast for 2013

The British Chambers of Commerce (BCC) has sharply increased its forecast for economic growth in the UK for 2013.

The BCC now expects to see growth of 1.3% in 2013, up from a previous forecast of 0.9%. The upward revision comes from a stronger than expected second quarter, driven by the service sector and household consumption. However, the BCC urged the government and MPC to not become "complacent" and ensure they do everything in their power to ensure the recovery goes from good to great. David Kern (pictured), BCC chief economist, said: "Higher domestic inflation could threaten the recovery, particularly if the MPC was to sanction further increases in QE which could lead to sharp falls in ster...