There have been three pieces of good news for the economy in recent weeks. Firstly, the UK economy grew by 0.8 per cent during the third quarter of 2013 and has now seen three consecutive quarters of growth. Secondly, this month saw inflation fall to 2.2 per cent, the lowest level in more than a year. Finally, the improvement in the labour market continues in line with the improvement in the wider economy.
Labour market update, latest data tables: