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- UK spending 'remarkably resilient' - Bank of England Chief Economist
UK spending 'remarkably resilient' - Bank of England Chief Economist
Reuters reports that Bank of England Chief Economist Andy Haldane said that British household spending has been "remarkably resilient" through the coronavirus pandemic.
Haldane noted that U.S. household spending had suffered relatively little from a second wave of cases there over the summer, which might also prove the case in Britain.
Overall, Haldane is more optimistic about Britain's recovery than many of of his colleagues at the BoE/
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