Economics
BOE’s Haskel Sees Activity Returning Faster Than Expected
- Says employment remains a risk as government schemes taper
- Comments follow ubpeat assessment from Andy Haldane this week
A pedestrian wearing a protective face mask as she passes a social distancing sign in central London.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
The U.K. economy is seeing a “glimmer of hope” with activity returning faster than anticipated, according to Bank of England policy maker Jonathan Haskel.
Employment remains a risk, with much uncertainty around the number of furloughed workers that will be able to return to jobs, he added. If the U.K. were to experience a second wave of the virus, policy makers would respond, he added.