From the BBC:
Bank admits economy is looking better
In one sentence the Bank has revealed it is ready to upgrade its growth forecasts for the UK economy.
"The Committee now expects less of a slowing in UK GDP growth in the second half of 2016," it said, referring to the Monetary Policy Committee of Bank economists and external experts that sets UK interest rates.
The key point - the Bank's internal judgment is that growth in Q3 (that's July to September) will now be between 0.2% and 0.3%, a pretty chunky upgrade on its August forecast of 0.1%.
A most interesting headline from the BBC. Even they appear to realize that Project Fear was overcooked and are trying to distance themselves from it.
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