There are now real grounds for optimism that the UK is finally on the road to recovery. The services sector continues to lead the recovery with retail sales picking up over the summer and hotels and restaurants generally seeming busier. But it is not just services that is picking up. UK manufacturers have benefited from somewhat stronger trends recently in our key European export markets. And the UK construction sector has also picked up from a low base in the past six months. We expect growth to strengthen further in 2014, but businesses should not be complacent: there are still plenty of economic risks out there to be monitored and managed as detailed in our report.