RE: Hell023 Jul 2020 22:00
There's a lot of cash sitting in people's bank accounts right now, people who aren't used to having so much of it. Many of them are young people working from home - no commuting costs and other stuff to tempt them. Eventually, they'll start spending it or investing it.
Also, a lot of this Bounce Back loan money is sat in deposit accounts or Premium Bonds and will make it back to the banks once the free 12 month period ends. Loads of businesses have been receiving government grants and working flat out at the same time, builders especially. Financially, things aren't as bad as we are being led to believe (IMO).
I think that 2021 is going to be a humdinger, one way or another.