BCC: UK economy to hit pre-recession peak by summer

The British Chambers of Commerce (BCC) thinks the second quarter, starting in July, will see GDP exceed the level seen at the start of 2008, the BBC reports. In upgraded forecasts, it estimates economic growth will be 2.8% this year - up from its earlier estimate of 2.7%. But it also warns of an "unacceptably high" level of youth unemployment. Gaining momentum "Our economic recovery is gaining momentum," said BCC director general John Longworth. "Businesses across the UK are expanding and creating jobs, and our increasingly sunny predictions for growth are a testament to thei...