UK economy builds momentum as Covid restrictions ease

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Guardian analysis shows rapid progress rolling out vaccine is fuelling boom in consumer spending

Britain’s economy is building momentum and the Bank of England is expected to sharply upgrade its annual growth forecasts next week, as a Guardian analysis shows rapid progress rolling out the Covid vaccine is fuelling a boom in consumer spending.

Activity has held up better than expected after businesses adapted to life under the third national lockdown, while the reopening of non-essential retail and hospitality venues outdoors in England and Wales has benefited from pent-up demand.

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from The Guardian https://ift.tt/3gPvo3j

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