Mark Leftly: Bargain basement fuels the Footsie recovery

Outlook If the real economy really does lag behind the City by about 18 months, then we should all be back snapping up designer gear with thousands of pounds worth of low-interest loans by summer 2014.

The FTSE soared to its highest level for nearly five years, as traders seem to have seen an end to a financial crisis that has lasted almost as long as World War Two. Interesting, though, that easyJet and Greggs were among the big risers: we're still all going cheap for the moment.