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The rapid rollout of the vaccination programme across the UK means a decisive corner has been turned in the battle against Covid. A decisive corner is about to be turned for the economy too, with enormous amounts of pent-up financial energy waiting to be released, like a coiled spring. With 13 million of the most … Read more
Britain’s economy will bounce back like a ‘coiled spring’ once liberated from lockdown, a Bank of England boss says today. In an exclusive article for the Daily Mail, chief economist Andy Haldane insists the public are ‘desperate to get their lives back’. He believes a ‘decisive corner has been turned’ thanks to the Covid-19 vaccine … Read more
With London and the South East under Tier 4 coronavirus restrictions, and the rest of the country advised against mixing households, many families are facing a slimmed-down Christmas. Before the rules for Christmas celebrations changed, families across the country started buying plenty of festive food in anticipation of days of celebrations, so what do you do if your … Read more
Bank of England chief economist Andy Haldane warns over ‘nasty’ inflation that could send debt costs spiralling out of control By Tom Witherow For The Daily Mail Published: 21:50 GMT, 23 December 2020 | Updated: 21:50 GMT, 23 December 2020 The Bank of England must have a ‘laser focus’ on inflation to stop Britain’s debt … Read more
EU Covid vaccine delay ‘will cost 15,000 lives’, economist warns as millions have to wait at least another week for jab Millions of Europeans will have to wait at least another week before vaccination EU determined vaccination programmes begin simultaneously in member states Germany has been pressing to begin inoculations as its infection rate spirals … Read more
Families built up £100billion of ‘excess savings’ in lockdown and are already spending it, a senior Bank of England official has claimed. A nationwide spending spree could help the economy to recover more quickly than forecasters have predicted, the Bank’s chief economist Andy Haldane said. In an exclusive interview with the Mail, Mr Haldane said … Read more
So, now we know. Our reward for suffering 27 days of an additional lockdown is a more restrictive regime than the one we waved goodbye to on November 5. Apart from the lucky 1 per cent who live in Cornwall, the Isle of Wight and the Scilly Isles, the introduction of the tier system will … Read more
Tough coronavirus restrictions stalled UK’s economic recovery from October onwards but vaccine good news is set to boost rebound, says Bank of England chief economist Andy Haldane said ‘rollercoaster’ year will be capped with a ‘small contraction’ He said activity slowed in fourth quarter because of distancing and tiered curbs However he pointed to November … Read more
Stop being such Chicken Lickens’: Bank of England chief economist says people need to stop catastrophising Covid-19 and predicts 20pc growth in next quarter Andy Haldane said Bank of England expects the economy to rebound with ‘vertiginous’ growth of 20 per cent in the third quarter He cautioned against ‘the economics of Chicken Licken’, a … Read more
A prominent economist has laid out the case for reparations for the black descendants of slaves in the U.S., estimating payments of up to $12 trillion would be needed to atone for the historical injustice. Duke University professor William Darity Jr and his wife Kirsten Mullen co-authored the report for the Roosevelt Institute arguing that … Read more