The fut coins latest findings from the Voca Link Take Home Pay Index reflect the economic optimism in the UK showing the fastest growth experienced in the private sector since August 2012.Workers in this sector saw annual growth of 2.1% in the three months to June - up from 1.8% growth in the three months to May. The VocaLink Services Sector Take Home Pay Index has benefited from these early signs of economic confidence with workers also experiencing the strongest annual growth since August 2012 - take home pay is at 2.1% in the three months to June.
This rise in take home pay growth comes against a backdrop of improved confidence around the UK's economic prospects. The Office for National Statistics' (ONS) third estimate of GDP for the first quarter of 2013, for example, confirmed that the UK economy grew at a quarter-on-quarter rate of 0.3% in the first three months of the year.