Oh dear. Far be it from me to question his analysis but this does seem rather thin?
- “My sense will be… chatting to people, they are desperate to get their lives back, desperate to get out spending and socialising and working”
- “And if that happens then some of those savings … do get spent. Even a small amount of them, we are talking about a pretty rip-roaring recovery.”
I really hope he is right. Folks in the UK are doing it really hard, and have been for many months. And maybe he has a better basis for his projections than chatter.
Earlier post here: