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IMF upgrades UK growth forecast to 2.4%

IMF upgrades UK growth forecast to 2.4%

The International Monetary Fund (IMF) raised its forecast for UK growth this year from 1.9% to 2.4%.

However, this expected to fall back to 2.2% in 2015 with the organisation saying that ‘economic slack’ will remain high.

It said: ‘Activity in the Uk has been buoyed by easier credit conditions and increased confidence.’

The announcement prompted prime minister David Cameron to tweet: ‘An encouraging sign of more jobs and security for hardworking people: the IMF confirms upgrading our growth forecast.’

The IMF also upgraded its outlook for the US, which it expects to achieve 2.8% growth, as well as both the Eurozone, which it said was ‘turning the corner from recession to recovery’ and China. However it warned some emerging markets remain in difficulties.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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