The Bank of England (BOE) Chief Economist Andy Haldane is on the wires now, via Reuters, making some upbeat comments on the UK’s household spending.
Key quotes
“UK household spending has been remarkably resilient.”
“There is an open question of whether voluntary or involuntary social distancing is holding back spending.”
“Second wave of COVID-19 in the US had little impact on total spending, may have implications for the UK.”
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