Falling oil prices have been responsible for helping to cut costs for businesses across Britain in recent months, while the trend also means that consumers have more surplus cash available, according to a recent report.
Lower petrol prices and heating costs are just two of the main benefits that follow from lower oil costs, and they are having a widespread impact on the economy right across the UK.
Travel companies are also among those that look set to reap the benefits from the growth in the middle classes and their disposable income.
Experts have predicted that the UK will continue on its current path of recovery for the foreseeable future.
Consumer confidence remains high and it has been boosted by rising salaries, higher levels of employment and falling unemployment levels.
Growth in Britain’s crucial and typically-robust services sector has also been aided by lower oil costs.
Currently, the UK economy is said to be about four per cent larger than it was immediately prior to the recession.
However, previous periods of economic growth following a recession, such as the recovery seen in the 1980s and 1990s, have been quicker and demonstrated higher growth rates.