UK public's £100bn Covid savings could help recovery, says Haldane
by Julia Kollewe from Economics | The Guardian on (#5BANY)
Bank of England's chief economist says spending spree could help Britain bounce back
Excess savings of about 100bn built up by UK households during Covid-19 lockdowns are now being spent and could speed up Britain's economic recovery, according to the Bank of England's chief economist.
Andy Haldane told the Daily Mail there was huge pent-up demand", and that a big spending spree could help the economy bounce back more quickly than forecasters expected.
Related: Busy high streets after lockdown prompt Covid fears but numbers still down
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