The UK's double-digit house price increases are just part of a synchronised global asset boom that could be a cause for worry, according to a leading independent economic research house.
Read more: "UK Boom the Biggest in 50 years" thanks to House Prices, but Oxford Economics Warn of Risks
The Confederation of British Industry (CBI) have said they see "a breakthrough year" for the UK economy as they hike their 2021 growth forecast to 8.2%.
Read more: CBI see "a Breakthrough Year" for UK Economy, Forecast 8.2% Growth in 2021
UK house values are surging in price in a "space race" that sees buyers seeking more indoor and outdoor space in the wake of the pandemic, but economists says the trend is likely to continue until the fourth quarter of the year.
Read more: UK House Prices Forecast to Cool Towards Year-end
The latest labour market data for the UK shows the recovery extended into May with the number of payrolled employees increasing for the sixth consecutive month, up by 197K in May 2021 to 28.5 million.
Read more: Rising Wages and Employment as UK's Labour Market Bounces Back
UK business confidence hit a three-year high while economic confidence hit a five-year high, according to the latest edition of the Lloyds Bank Business Barometer.
Read more: UK Business Confidence Hits Three-year High
Bank of England CHAPS data that shows consumer spending on credit and debit cards was at 95% of its February 2020 average in the week ending May 27, down slightly from the 96% reported in last week's report.
Read more: UK Consumer Boom Still Yet to Materialise According to Latest Short-term CHAPS Data
The rise in UK sovereign bond yields "has only just started", according to new research released by Berenberg Bank.
Read more: "UK Bond Yields are too Low, Further Rises Likely Soon" says Berenberg
