Research has shown the strongest upturn in workplace activity for 14 months, as job security continues to recede and income levels have increased since the turn of the year.
On the downside overall living costs are also rising at their fastest pace since April 2013.
Check out our latest Economic Review here to find out more details on these topics.
IHS Markit’s Senior Economist, Tim Moore, said of these latest results:
Looking ahead, the outlook for financial well-being and consumer spending will depend on household’ ability to weather a sustained period of rising living costs. This can already be seen in the clear divergence between financial expectations of private sector employees and other UK households…
Another topic covered in our Economic Review is inflation.
The latest figures from the ONS reveal that the UK saw inflation, as measured by the Consumer Prices Index (CPI), rise to 1.8% for the year to the end of January 2017. This is an increase from the previous recorded level of 1.6% in the year to December 2016 and now sees inflation at its highest level seen since June 2014.
Finally our Economic Review looks at the ‘increase in “privileged” amongst the self-employed’. In today’s economic climate, it is interesting to note that many people are now aspiring to self-employment rather than the traditional employed route. Read more about the controversy is this growth here.