Economics
U.K. Economy Now Running at 85% Normal Capacity, Barclays Says
Pedestrians wearing a protective face masks browse stalls at Camden Market, as it re-opens, in London on June 1, 2020.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
High-frequency indicators suggest the U.K. economy is running at 85% capacity as it begins to emerge from lockdown, according to economists at Barclays Bank Plc.
Household spending is just 5% off its normal level, economists led by Fabrice Montagne wrote in a report. Indicators of mobility and energy consumption, and interest in car and house purchases are also show a “solid pace of recovery,” it said.