I think what is happening is I think first of all there is confidence in the U.K. economy. We're in a German rather than a Greek position in international financial markets, which is very positive and keeps our debt service costs down, and we're also beginning to see real evidence of rebalancing.

Summary

This quote suggests that the speaker believes the UK economy is in a favorable position compared to countries like Greece. They mention confidence in the economy and its ability to maintain low debt service costs similar to Germany. Additionally, the speaker notes the emergence of evidence indicating a rebalancing of the UK economy, which implies a shift towards a more stable and sustainable state. Overall, the quote presents an optimistic outlook on the current economic situation in the UK.

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