Britain extends growth streak as rate hike flagged

Economic growth in the UK probably accelerated in the second quarter, as consumers sustained a recovery that’s pushing Bank of England policy makers to consider the first rate increase in eight years.

The 0.7% growth forecast by economists in a Bloomberg survey would mark Britain’s 10th consecutive quarter of expansion. The economy has n’t experienced such a streak since before falling into recession in 2008.

That is likely to come as good news for Irish exporters, as many SMEs continue to look towards the British market.