A NEW survey claims people in the North-west are now more optimistic about economic prospects for the coming 12 months than those in other regions.

Research by economic consultancy Business Strategies shows that consumer spending in the North-west is forecast to grow by 5.1pc this year - outpacing the UK's average of 4.5pc.

Business Strategies Director David Fell said: "The North-west and London are the only regions which have become more optimistic about their household finances over the past three months.

"Elsewhere, fewer people expect to see an improvement than at the time of the last survey."

He added: "Fears over unemployment are receding rapidly in the North-west and expectations on inflation are down too."

Converted for the new archive on 14 July 2000. Some images and formatting may have been lost in the conversion.