Despite the pandemic, according to the Financial Times City economists have predicted a 14.3% rise in GDP for Q3, which could see the UK rise to the top of the G7 performance table during the quarter.

A surge in spending during the first two weeks of August was higher than the same period last year, marking the first annual growth in spending since lockdown at the tail end of March.

July retail sales also saw volumes increase by 3.6% compared with June, 3% above pre-pandemic results from February 2020.

The second week of the Eat Out to Help Out scheme saw a 30% increase in sales over the week before the scheme started, leading to an increase in the hours worked by employees of 13% in pubs and 33% in restaurants 33%.

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