New Mortgage approvals

House purchase loans grew to 67,701 the highest since February 2008.

However, the bouyant November purchasing manager index figures (PMI) and the healthy UK PLC order book, the highest since 1994, will give some comfort to the Chancellor,  indicating the recovery is more broadly based than just the housing market.

A stronger UK economy will draw in more investment and with it greater demand for Jersey services from international investors.