BoE’s Haldane says economic recovery will come quickly

Bank of England Chief Economist and member of the Bank’s Monetary Policy Committee Andy Haldane 

Comments from an interview with UK media ITV:

  • senses that the economic recovery will come quickly
  • people are desperate to get out and spend
  • UK excess savings is around 150bn GBP 
  • a “rip roaring recovery” is possible if UK savings are spent

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