The UK economic growth is expected to return to re-2008 crash levels by the second quarter of 2014, according to British Chambers of Commerce.

Officials have also said that the high youth unemployment and debt continues to remains an issue for the UK economy. The British economy recorded a growth rate of 2.8 per cent for 2014 compared to the previous forecast of 2.7 per cent for the year. Experts have said that there are still concerns that are required to be resolved in order to boost growth in the country.

The unemployment among the youth in the country and the country's current account deficit remains high. Mark Carney, the governor of the UK's central bank has said that the Bank of England is not looking to increase its key interest rates soon. The central bank had said that it will consider a range of measures while deciding if it is aiming to increase interest rates.

The Bank of England has indicated that it will keep its interest rates at the record low level of 0.5 per cent. The Monetary Policy Committee of the central bank said that it is not looking to increase interest rates soon.