British Economy the Fastest-Growing in the Western World

1.3 percent growth in the fourth quarter of 2013

The UK is set to grow faster than any other Western economy, according to the ICAEW - the body representing English and Welsh accountants.

Its monitor of business confidence, sponsored by accountants Grant Thornton, suggests economic growth of 1.3% in the fourth quarter of 2013.

The report identified signs of rising business confidence.

Its view of the economy mirrors that of the CBI, whose recent assessment also suggest a strong pick-up in growth.