British employers raise growth forecast, house prices rise

A British employers group raised its forecasts for economic growth this year on the back of low oil prices and a separate measure of house prices picked up -- a sign that a housing market slowdown could be bottoming out. The Confederation of British Industry said Britain's economy now looked set to grow by 2.7 percent this year, up from a previous forecast of 2.5 percent made in November. "The UK is in good shape compared with other economies, with both investment and household spendin