BoE's Cunliffe says UK is seeing strong post-COVID bounceback
Reuters
Published Jun 04, 2021 17:52
Updated Jun 04, 2021 18:21
LONDON (Reuters) - Britain is enjoying a strong economic bounce-back as COVID restrictions lift, though pubs and restaurants are recovering faster than town-centre retail, Bank of England Deputy Governor Jon Cunliffe said on Friday.
"What we're seeing is a strong bounce back of activity," Cunliffe told BBC Radio Suffolk after speaking to businesses in that region of eastern England.
"People have accumulated a lot of savings, they're going out and they're spending, particularly in those areas we couldn't go out in the last year or so," he added.
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Written By: Reuters
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