
Andrew Bailey’s note of Covid caution
Speaking to BBC Radio 4’s Today programme this morning, Andrew Bailey threw his support behind one of the more optimistic scenarios for a post-Covid economic recovery: that the UK will be back to pre-pandemic levels by the end of the year. The combination of the UK’s hugely successful vaccine rollout combined with increased levels of lockdown immunity – that is, the economic impact of restrictions ‘reducing as we all adapt’ – had the Governor of the Bank of England suggesting that we could see a full recovery by the end of the year (notably earlier than the Office for Budget Responsibility’s Budget forecast of roughly the middle of next year). Bailey
