UK markets close in 2 hours 38 minutes
  • FTSE 100

    7,490.79
    -94.22 (-1.24%)
     
  • FTSE 250

    22,307.42
    -407.56 (-1.79%)
     
  • AIM

    1,137.02
    -19.43 (-1.68%)
     
  • GBP/EUR

    1.1961
    -0.0058 (-0.48%)
     
  • GBP/USD

    1.3574
    -0.0026 (-0.19%)
     
  • BTC-GBP

    28,450.58
    -2,946.70 (-9.39%)
     
  • CMC Crypto 200

    908.37
    -86.89 (-8.73%)
     
  • S&P 500

    4,482.73
    -50.03 (-1.10%)
     
  • DOW

    34,715.39
    -313.26 (-0.89%)
     
  • CRUDE OIL

    84.84
    -0.71 (-0.83%)
     
  • GOLD FUTURES

    1,841.00
    -1.60 (-0.09%)
     
  • NIKKEI 225

    27,522.26
    -250.67 (-0.90%)
     
  • HANG SENG

    24,965.55
    +13.20 (+0.05%)
     
  • DAX

    15,563.84
    -348.49 (-2.19%)
     
  • CAC 40

    7,056.91
    -137.25 (-1.91%)
     

BOE's Haldane predicts possible double-digit annual growth rate in UK a year ahead - Daily Mail

·1-min read
The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London

(Reuters) - Britain's annual economic growth rate could be in double digits a year from now, the Bank of England's chief economist Andy Haldane wrote in a Daily Mail column published online late on Thursday.

Economic recovery should be "one to remember, after a year to forget," Haldane wrote https://www.dailymail.co.uk/news/article-9251595/Bank-England-chief-economist-predicts-Britain-roar-spending-boom.html.

The central banker predicted that British households would have amassed "accidental savings" of up to a massive 250 billion pounds ($345.30 billion) and that there would be a spending boom once COVID-19 restrictions are lifted in the country.

($1 = 0.7240 pounds)

(Reporting by Derek Francis in Bengaluru; Editing by Chris Reese)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting