Thread by @ChrisGiles_

It looks like the UK economy has enjoyed a remarkable bounce in the third quarter so far....

1/

ft.com/content/35e187…

Consumers have put caution aside at least for now

2/

- Eat out ot help out is quite a success
- lower VAT on hospitality
- staycations

means pubs, restaurants have been full especially on Mondays to Wednesdays

Data from @OpenTableUK

3/

@OpenTableUK And there will be a technical boost from schools repopening - adding about 2.5% to GDP

- ONS likely to add this to July and August data (because seasonal adjustment - don't ask)

4/

@OpenTableUK It means the economy will go into the autumn with considerable momentum.
Success thereafter will depend on

1) Keeping virus under control
2) Degree of continued necessary social distancing
3) Consumer willingness to spend once incentives fall away

These are linked

ENDS