British families ready to spend billions, says Bank of England man


Chief economist Andy Haldane says cash not spent during pandemic will be splurged when restrictions end

British families are ready to fuel a rapid return to prosperity with a multibillion pound spending spree, according to a senior Bank of England policymaker.

With the vaccine rollout protecting more than 13 million of the most vulnerable people, the BoE’s Andy Haldane said the economy was about to turn “a decisive corner with enormous amounts of pent-up financial energy waiting to be released, like a coiled spring”.

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