Official figures due out this week are projected to show that the UK’s economy grew at its quickest rate in over three years.
<p>Though official numbers from the Office for National Statistics (ONS) have not yet been released, economists are expected to reveal that in the last quarter, it is estimated that Britain&rsquo;s GDP surged 0.8% - its best presentation since 2010.
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<p>This growth comes as a surprise to many economists and has generated an outpouring in consumer confidence. Households have become more positive in terms of job opportunities, job security, and finances.
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<p>Part of this economic growth can be attributed to an escalation in property prices throughout the United Kingdom. Prices rose almost 4% in the last year, increasing the average value of a home in the UK to &pound;247,000.
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<p> &ldquo;Overall confidence is growing and has been for the past year. Less downward pressure on incomes, combined with renewed economic optimism and an improving housing market make for a story of gradually recovering confidence &ndash; notwithstanding the fact that the level of real incomes is continuing to fall,&rdquo; explains Ian Stewart, Deloitte chief economist.
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<p>Experts also believe that the recovery may be due to the stimulus, which was previously being overshadowed by the Eurozone crisis.
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<p>Growth is expected to continue through to the end of the year, especially with families saving up for the Christmas rush of spending and travelling.</p>