The Bank of England’s chief economist, Andy Haldane, hailed the recovery so far in Britain’s economy after its coronavirus lockdown shock, striking a more upbeat tone than several of his colleagues recently. Haldane told City A.M. newspaper that the “recovery isn’t being given enough credit” and the economy “has bounced back” in large part because consumers had shown themselves to be “incredibly resilient and adaptive and so too have businesses.” Fellow interest-rate setters Michael Saunders, Deputy BoE Governor Dave Ramsden and Gertjan Vlieghe have recently expressed concern that Britain’s … (full story)
