Britain on the cusp of escape velocity

Three of the country's top economists believe Britain has turned the corner and growth will accelerate in the coming months. Former Bank of England deputy governor Sir John Gieve and past rate–setters Dame DeAnne Julius and Charles Goodhart claim the economy has already reached or is about to reach "escape velocity" – the level at which a recovery is self–sustaining. Sir John argued that growth could recover "quite swiftly to 2.5% or more".