Families built up “excess savings” of GBP 100 million during the coronavirus-induced lockdown restrictions and are already spending it. Bank of England’s Economist Andy Haldane said in an exclusive interview with the Mail Online, adding that a nation-wide spending spree could kickstart the UK’s faltering economy.
Key quotes
There is a huge pent-up demand following the lockdown.
Many middle-class families are better off due to the pandemic.
Christmas shoppers have flocked to the high street after restrictions loosened.
Share
