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Economic growth at 11-year high

May 30, 2014 1:59 PM
Originally published by UK Liberal Democrats

Latest reports show that Britain's economic prospects are the brightest that they have been in over a decade.

According to two major business lobby groups, the CBI and the British Chambers of Commerce (BCC), the UK economy has reached a record high this month.

Optimism among consumers has risen to its best level in nine years. The CBI said that its survey of more than 700 firms showed the economy growing at its fastest pace since its records began in 2003. Meanwhile, the BCC upgraded its growth forecast for 2014 from 2.8% to 3.1%, which would be the highest since pre-crisis 2007.

GfK's consumer's confidence index rose three points this month to 0 - which is the first reading out of negative territory since 2005.

This reports show that the Liberal Democrats long-term plan to build a stronger economy is working. Liberal Democrats in government have worked to create sustainable growth by improving cost of living, investing in key sectors and helping business create more jobs.

Have a look at some of the things that the Liberal Democrats have done to build a stronger economy.