The UK economy is expected to grow throughout the rest of 2013 according to the economic thinktank Organisation for Economic Co-operation and Development (OECD).

The OECD predicted a continued strengthening of the UK economy after the composite index which records growth rates saw a rise to 110.8 in June from 100.6 in February, with 100 representing the expected growth rate.

The expectations on continued economic growth throughout the rest of 2013 and 2014 comes as the UK records a 39 month retail sales high in July, with the manufacturing sector also showing signs of increased workloads.

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