By Jonathan Davies

The Bank of England has raised its growth forecast for the UK economy in 2015, predicting that it will grow by 2.8%.

In May, the Bank forecast growth of 2.5%. Forecasts for 2016 and 2017 remain unchanged.

Elsewhere on 'Super Thursday', the Bank of England announced its decision to keep interest rates on hold at 0.5% for another month. The minutes from the Bank's Monetary Policy Committee (MPC) meeting showed that one member voted in favour of raising interest rates.