BoE governor Andrew Bailey: Vaccine ‘a big step forward’ for UK economy

Nov 17, 2020 - City AM

Bank of England governor Andrew Bailey has called the development of seemingly effective coronavirus vaccines “a big step forward” for the economy that could help lower uncertainty and get firms investing again.

Speaking at lobby group The City UK’s conference, Bailey said both coronavirus and Brexit had “increased uncertainty” and “restrained investment”. He also said that business investment had been “unusually weak” since the financial crisis, weighing on productivity.

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