Data from the Centre for Economics and Business Research and YouGov found that consumer confidence in Britain rose by 0.6 points to 102.9 in the first three weeks of December, according to The Times.

Households were more confident about their personal finances, where the index rose from 91.1 to 92.1. The gauge for business activity rose from 115.8 to 118.

Kay Neufeld, head of macroeconomics at the CEBR, said: “Consumer confidence rose in the first weeks of December, undoubtedly benefiting from a boost to sentiment as the first doses of the Covid-19 vaccine were rolled out in the UK. Having said that, the latest tightening of restrictions in the south and news of a new coronavirus strain still have the potential to derail consumer confidence over the winter”.