GDP forecasts from the Confederation of British Industry (CBI):

UK economy to grow 2.4% in 2015

  • Their previous projection was at 2.6%

and 2.5% in 2016

  • vs. previous at 2.7%

They see solid, sustainable growth of the economy

  • Say inflation will accelerate from late 2015
  • See house-price growth easing to 2.8% in 2016 from 5.5% in 2015

They cite the major risks as being from

  • sluggish euro zone
  • Greece
  • Also mention that the EU referendum is a potential risk to business

Weaker US growth and the slowdown in China act as drag on exports.