Britain’s economy is regaining momentum as the lockdown is lifted, according to real-time data.

Jefferies, the American investment bank, said that economic activity is still 52% below its pre-Covid levels, but its UK economic Activity Radar has risen by two points in the last week.

However, demand for property has surpassed its pre-Covid levels.

The market is enjoying a release of pent-up demand since the lockdown was lifted and searches on property portal websites are 17% above their pre-crisis levels.