If there is any link between economic optimism and politics than David Cameron should easily win the general election next week. Today’s figures show consumer confidence around 30-year highs. The number who think now’s a good time to by a house (above) is surging. Not since 1987 have we had so many saying that the UK’s general economic situation has improved over the last 12 months.
As Michael Saunders of Citi puts it (pdf):-
With strong job growth (especially full-time employment), record level of vacancies and rising real wages, the “feel-good” factor is clearly back.
It’s odd to think that, even with all of this going on, the election still hangs in the balance. Proof, if any were needed, that recoveries never speak for themselves.