UK economy on track for 2.5% growth this year - NIESR

In its latest economic forecast, it said: "The UK’s economic recovery has become entrenched." Last year the country saw above trend growth and the "remarkable performance" of the labour market persists, it added. NIESR said unemployment would drop through the Bank of England's (BoE's) 7% threshold early this year and CPI inflation would be marginally above target this year, dropping below target in 2015. It also forecast that on current plans the public sector finances would be in surplus in 2018-2019. The think tank statement said: "We expect consumer spending to remain the key driver...