CBI: UK economy is back on track

Economic growth is on course to return to pre-covid levels by the end of the year, a leading business group is predicting.

But the CBI warned of a “two-speed recovery”, with sectors

having different levels of growth.

Its research among almost 600 firms suggested that in the three months to June, private sector activity grew at the fastest pace for six years.

Manufacturing and distribution activity grew at record rates while growth in business and professional services remained strong, but it was revealed that consumer services activity continued to fall, said the CBI.

Alpesh Paleja, CBI lead economist, said: “With much of the economy having now reopened, we’re seeing a boost in activity across the economy.”