Britons set for a post-Covid spending binge, says Bank chief

Bank of England governor Andrew Bailey says economy should make a strong recovery from the pandemicThe Bank of England is braced for the possibility that a mood of national depression that engulfed Britain as it plunged into a third national lockdown will end with a spending spree when restrictions are lifted.In an interview with the Observer, the Bank’s governor, Andrew Bailey, said there was a chance after being cooped up for so long people would “go for it” once the vaccine programme allowed the economy to reopen. Continue reading... https://www.theguardian.com/business/2021/feb/07/britons-set-for-a-post-covid-spending-binge-says-bank-chief #economic_growth_(gdp) #consumer_spending #andrew_bailey #bank_of_england #business #economics #coronavirus #climate_change #quantitative_easing #uk_news #interest_rates