Bank of England expert: World Cup feelgood factor backs case for rate rise

Chief economist Andy Haldane says England's displays have boosted consumer spending

The performances of Harry Kane and his team-mates in the World Cup are helping the economy bounce back from its weather-beaten start to the year and supporting the need for an interest rate rise, the Bank of England's chief economist has said.

Andy Haldane - who last week raised eyebrows by joining dissenters on the Monetary Policy Committee (MPC) to vote for an increase from 0.5% to 0.75% - said England's recent football success had added to the "feelgood factor" among consumers.

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