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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