Britons set for a post-Covid spending binge, says Bank chief


Bank of England governor Andrew Bailey says economy should make a strong recovery from the pandemic

The Bank of England is braced for the possibility that a mood of national depression that engulfed Britain as it plunged into a third national lockdown will end with a spending spree when restrictions are lifted.

In an interview with the Observer, the Bank’s governor, Andrew Bailey, said there was a chance after being cooped up for so long people would “go for it” once the vaccine programme allowed the economy to reopen.

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