In Focus Consumer Credit
smallest change, up just 5% to 90.1 in Q2. All financial indicators improved in the last quarter, except the household savings rate which fell considerably as consumers returned to spending over saving. Earnings growth remains heightened at
present (annual growth in total pay stood at 8.6% in both April and May – the largest
values on record) and house price growth has been strong facilitated by the ongoing stamp duty holiday.
The latest Health, Wealth and Happiness findings reflect the strengthening of the economy in recent months. Cebr expects this to continue in Q3, bringing particular benefits to the labour market. To meet higher demand levels, employers are set to take on more staff, putting downward pressure on the unemployment rate
August 2021
Health Our Health Index recorded the highest uplift in the last quarter as it rallied by 56% to a reading of 96.2, a marked improvement from its record low when the pandemic began (50.4) and higher than at any point in the last two years (Q2 2019 saw a reading of 99.4). The study found 60% of all British
people think that health inequality has worsened in the UK in the last six months (rising to 65% of Londoners) and one in 10 of all British people, has resorted to self-funding their healthcare by taking out private medical insurance (PMI) to avoid NHS waiting times, rising to 21% of those living in Northern Ireland. We have also found in the last six months,
while four in 10 British people (44%) feel more confident in the NHS and the services it provides, there is still much anxiety and
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avoidance around seeking healthcare; it found a staggering 38% of British people with routine check-ups, amounting to 13.2 million people, have avoided these in the last six months, including mammograms, cervical smear tests, blood pressure checks and so on, rising to over half of Generation Y (51% of those aged 25-39) and a further 46% of Generation Z (18-24). Nina Skero, chief executive, of Cebr,
said: “The latest Health, Wealth and Happiness findings reflect the strengthening of the economy in recent months. Cebr expects this to continue in Q3, bringing particular benefits to the labour market. To meet higher demand levels, employers are set to take on more staff, putting downward pressure on the unemployment rate. “This improvement is set to be short-lived,
however, as the upcoming termination of the furlough scheme risks triggering a wave of redundancies in Q4. With this in mind, the end of the year could prove to be a volatile period for the Health, Wealth and Happiness Index.” CCR
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