Amit Kara, chief British macroeconomist at the NIESR told Xinhua that growth in the three months to the end of June, one month further on than the ONS data, was 0.4 percent, in part because the poor data for the first quarter was dropping out of the figures.

Kara said this was however a clear improvement on the 0.2 percent increase seen in the same series of data for the three months to the end of May, pointing to a return to stronger growth.

For Kara, the signs were clear for a rate rise at the MPC's August meeting, but the uncertainties of Britain's politics might deter policymakers from a rate rise.

British Prime Minister Theresa May unveiled plans for a Brexit on Friday which resulted in the resignation of Brexit Secretary David Davis over the weekend and of Foreign Secretary Boris Johnson on Monday in protest at the change in direction from a more complete Brexit.

Both resignations, along with the resignation of two of May's Conservative party vice-chairmen on Tuesday, increase the pressure on her, with the possibility of a leadership challenge emerging.

Kara said: "I am reasonably confident that the bank will go in August. But the story is the politics. There is a fragile government at the moment and should anything happen that will make it tricky for the MPC to raise rates."

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