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BoE's Haldane says UK spending "remarkably resilient"

Thu, 22nd Oct 2020 09:55

By David Milliken

LONDON, Oct 22 (Reuters) - British household spending has
been "remarkably resilient" through the coronavirus pandemic,
Bank of England Chief Economist Andy Haldane said on Thursday.

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.

Haldane, who has taken a more upbeat view of Britain's
recovery than many of his colleagues at the BoE, was speaking at
a conference on economics hosted by the National Institute of
Economic and Social Research.
(Reporting by David Milliken; editing by Sarah Young)

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