Ben Chu is The Independent's economics editor. Previously he was the newspaper's chief leader writer. He is the author of 'Chinese Whispers: Why everything you've heard about China is wrong' (2013). Follow him on Twitter: @BenChu_. Contact him on email via email@example.com
The Conservatives will claims this upgrade as a vindication of their economic strategy. Critics will point out that growth would have been still higher without George Osborne’ front-loaded fiscal austerity. No change there then.