BoE Governor Andrew Bailey (pic) has similarly backed finance minister Rishi Sunak's plan to wind down the job retention scheme by the end of next month.
LONDON: 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."
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