The UK services sector continues to perform well, with a recent report showing a “historically sharp rate of growth”.

The Business Activity Index by Markit/CIPS UK recorded a level of 60, with a baseline of 50 representing no growth.

While the Index recorded decreased activity compared to October, the UK services sector was found to be displaying strong activity with continued growth throughout 2013.

The strong results come as George Osborne prepares to deliver his Autumn Statement, with expectations on a cap on business rate and the extension of a relief scheme for small businesses.

November saw the creation of new businesses, a rise in the housing market and increased employment levels.

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Chris Williamson, Chief economist at Markit, said: “Further buoyant growth of the services economy hands the chancellor a further piece of good news ahead of the autumn statement.”