Economics
BOE’s Haldane Says U.K. Can End Furlough Before Rebound Complete
- About 1 million jobs already lost, chief economist says
- He expects sharper bounceback than following financial crisis
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The Bank of England’s chief economist said the government can afford to end its furlough plan before the U.K.’s recovery is fully complete.
Andy Haldane, who has been the most publicly optimistic of the central bank’s rate-setting committee, said the economy may be growing quickly enough by the second quarter to absorb the 1 million people who lost their jobs in the coronavirus crisis.