Article 55YE6 UK is in a V-shaped recovery, says Bank of England economist

UK is in a V-shaped recovery, says Bank of England economist

by
Phillip Inman
from on (#55YE6)

Andy Haldane, however, clashes with fellow MPC member Silvana Tenreyo over economy

The Bank of England's chief economist, Andy Haldane, has insisted that Britain is enjoying a V-shaped recovery, despite concerns among rival central bank policymakers that the economy is struggling after high-profile job cuts that are expected to send unemployment higher.

Haldane, who has become a controversial figure in recent months for his comments that the UK is in the middle of a quick turnaround, said the UK economy had recovered about half of the massive fall in output that took place in March and April when the Covid-19 lockdown was most intense.

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