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Britain’s recovery may exceed expectations


Britain’s recovery may exceed expectations

William Vereker, chairman the UK arm of Spanish banking group Santander, believes the UK's economic recovery this year could be stronger than most experts predict, saying: “I can see sterling strengthening and the economy growing faster than forecast”. Mr Vereker feels the Brexit deal and the coronavirus vaccination programme could deliver a “big uptick” in consumer spending and business investment. He said that despite there being “so many negative predictions … there is another possibility - things might be okay.” Mr Vereker said he can see a “quick bounce-back”, with “significant” pent-up consumer demand and savings set to flow into the economy later this year. He added that the Brexit deal is “going to remove a big element of uncertainty” and encourage business investment, while “on a relative basis, the UK looks good in terms of the opportunity to invest, employ and develop businesses”.


Read more: Daily Mail


 


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