Chief economist Andy Haldane says cash not spent during pandemic will be splurged when restrictions end

British families are ready to fuel a rapid return to prosperity with a multibillion pound spending spree, according to a senior Bank of England policymaker.

With the vaccine rollout protecting more than 13 million of the most vulnerable people, the BoE’s Andy Haldane said the economy was about to turn “a decisive corner with enormous amounts of pent-up financial energy waiting to be released, like a coiled spring”.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Parliament says China is committing a genocide. Why were officials planning to meet one of the perpetrators? | James McMurray

Erkin Tuniyaz’s visit is no longer going ahead, but Britain should never…

Ash Barty announces shock retirement from tennis at 25

World No 1 announces shock news on social media Comes two months…

Celeste: Not Your Muse review – a debut with hidden depths

(Polydor)Some bold moments reveal the soul singer’s potential to be much more…

Murder of Kremlin critic in London ‘was made to look like suicide’

Nikolai Glushkov was strangled by assailant who then wrapped dog lead around…