The Bank of England has raised its forecast for economic growth this year, the bank now expects growth of 2% this year up from the previous 1.4% forecast. The base rate has been left unchanged at 0.25% and the quantitative easing programme will continue this year as planned. Share Radio's Ed Bowsher spoke to Philip Booth, Professor of Finance, Public Policy and Ethics at St Mary's University to get some analysis on this. Philip is also a former adviser to the Bank of England on financial stability issues.
