Service sector booms as UK economy unleashes pent-up demand

Vaccine rollout spurs fastest monthly rise for seven years with sharp increases in consumer and business spending and jobs growth

The unleashing of pent-up demand has given Britain’s service sector its fastest monthly growth in more than seven years despite some signs of a flattening out of activity in the past week, two separate snapshots of the economy have shown.

In its monthly health check, IHS Markit/CIPS reported sharp increases in consumer and business spending as lockdown restrictions were eased.

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