U.K. Economy Picks Up Steam as Hiring Restarts With Lockdown End

Photographer: Jason Alden/Bloomberg

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The U.K. economy is building momentum, with real-time indicators suggesting consumers have started to splurge some of the cash they’ve saved now that the government has loosened lockdown rules.

Restaurant bookings and job postings surged to the highest since the start of the coronavirus pandemic, while road traffic and the number of people traveling to workplaces grew in recent weeks, data from Bloomberg Economics and government statistics show. Shops and bars were allowed to reopen on April 12, and most restrictions are set to lapse by June 21.

With more almost two thirds of adults in the U.K. immunized against the coronavirus, Prime Minister Boris Johnson is starting to relax…