How’s the economy doing? These charts say it all

These graphs show how strong Britain’s consumer spending is, while figures reveal businesses are increasingly looking east

How’s the economy doing? These charts say it all

If there was a country mood when it came to Great Britain’s economic performance, this weekend’s focus in the City would have been on the soundbites from leaders of the UK’s FTSE 100 companies at the annual conference of the International Monetary Fund (IMF).

The group of FTSE 100 chief executives, who met in the south-west London city on Sunday, were loudly trumpeting the impact the weak pound and the European economic crisis has had on their bottom line, earning the event the nickname “FTSE 150 blowout”.

The Bank of England’s governor, Mark Carney, also played his part in pumping some new life into the still strong mood, when he said sterling’s relatively low value against the dollar had boosted a number of companies by making them more competitive and was going to ensure Britain retained its competitive edge.

But for everyone in business out there struggling to prove their worth and hire people, the City does indeed seem to be struggling. Or at least to stay within healthy profit margins.

Our friends at Capital Economics are here to help out. Their team has written up five charts that reveal the hidden economic truths of the UK. By reading them, you’ll be able to figure out for yourself the truth of what happens when you buy a pint, go for lunch or take that trip to the theatre.

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