UK recovery on hold owing to Covid second wave, says OBR official

MPs also hear that national debt is now more sensitive to movements in interest rates

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Britain's economic recovery from the coronavirus pandemic has been put on hold" as a result of the second wave of the virus and tougher government restrictions, a senior Treasury official has warned.

Charlie Bean, a former Bank of England deputy governor who sits on the government's budget responsibility committee, said a rapid rebound from lockdown earlier this year had stalled at the start of autumn amid a jump in coronavirus cases.