UK's economic recovery may be quicker than forecast – Bank of England
by Larry Elliott Economics editor from on (#5FBHM)
Governor says rising interest rates reflect growing optimism - but warns new Covid variants could derail progress
Britain's economic prospects are improving as a result of the successful vaccine programme and could perform more strongly than expected over the coming months, the governor of the Bank of England has said.
Andrew Bailey said that he now saw upside risks" to the Bank's growth forecasts but warned there was still a risk that new Covid-19 variants would derail recovery.
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