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BoE's Cunliffe says UK is seeing strong post-COVID bounceback

Inflation rise is a bump on the recovery road - BoE's Cunliffe
Inflation rise is a bump on the recovery road - BoE's Cunliffe   -   Copyright  Thomson Reuters 2021
By Reuters

LONDON – Britain is enjoying a strong economic bounce-back as COVID restrictions lift, though pubs and restaurants are recovering faster than town-centre retail, Bank of England Deputy Governor Jon Cunliffe said on Friday.

“What we’re seeing is a strong bounce back of activity,” Cunliffe told BBC Radio Suffolk after speaking to businesses in that region of eastern England.

“People have accumulated a lot of savings, they’re going out and they’re spending, particularly in those areas we couldn’t go out in the last year or so,” he added.