More signs of a ‘Boris bounce’, as factory output and sales of commercial properties soar
Boris Johnson’s election win appears to have boosted factory output and sales of commercial properties
The economy has shown more evidence of a ‘Boris bounce’, with factory output and sales of commercial properties soaring after December’s general election.
HM Revenue & Customs revealed 11,170 sales completed in January – the highest volume of commercial property sales and the biggest monthly rise in almost 12 years.
House sales also rose 5.2 per cent in a year, with 102,810 transactions completed in January – a 4.1 per cent jump between December and January.
A separate snapshot of the economy revealed manufacturing output hit its highest level in ten months in February.
The purchasing managers’ index, where anything above 50 represents growth, rose to 52.8 from 50.1 in January, according to IHS Markit.
The Chancellor will unleash a public spending spree in his first Budget next month, despite a deterioration in the public finances, claims the EY Item Club.