Britain’s economy is regaining momentum as the lockdown is lifted, real-time data suggests.
According to Jefferies, the American investment bank, economic activity is 52 per cent below its pre-Covid level but its UK Economic Activity Radar has risen by 2 points over the past week.
It measures public transport use, electricity and flights data, as well as other indicators, to determine how quickly economic activity is returning to normal. Official data is published with a substantial lag but real-time data offers a more up-to-date insight into how the economy is faring.
Jefferies said that a greater number of people used public transport last week and job websites had started to post more vacancies.
Britons have also been searching for hotels and accommodation as the hospitality
