Urmstongran
Another reason Boris & the Tories are riding high:
BANK of England Governor Andrew Bailey has hailed the fastest recovery in modern times as Britain surges back from the worst recession in more than three centuries.
The Bank is predicting a 7.25pc jump in growth this year, well ahead of the 5pc it forecast three months ago and the biggest rise since the height of the war effort in 1941.
Mr Bailey said: “I don’t think we’ve had a bounceback quite of this nature, certainly in modern times.”
The success of the UK’s vaccination programme, the extension of the furlough scheme until September and Budget measures such as the Chancellor’s “super-deduction” tax break on investment have limited the economic scarring from Covid, the Bank added.
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You seem to have forgotten that there was a 10% drop in 2020 - the worst decline for more than 3 centuries. It's good that the economy is improving but it's nothing to do with the Tories. It's because of pent up demand. So it's not surprising the size of the bounce back, given the size of the decline.


