Bank of England (BoE) governor Andrew Bailey (pic) anticipates a strong recovery as households unleash some of the £150bil (US$207bil or RM848bil) of savings accumulated over the past year.
LONDON: The UK economy is building momentum, with real-time indicators suggesting consumers have started to splurge some of the cash they’ve saved now that the government has loosened lockdown rules.
Restaurant bookings and job postings surged to the highest since the start of the coronavirus pandemic, while road traffic and the number of people traveling to workplaces grew in recent weeks, data from Bloomberg Economics and government statistics show.
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