Barclays boss predicts biggest economic boom since 1948 for Britain
1 min read
Jes Staley says the UK economy will enjoy ‘robust recovery’ as Barclays posts surge in profits The UK will enjoy its strongest year of growth since modern records began in 1948 as the economy surges back to life after a rapid vaccine rollout, the boss of Barclays has predicted. Jes Staley said he expects the…
Jes Staley says the UK economy will enjoy ‘robust recovery’ as Barclays posts surge in profits
The UK will enjoy its strongest year of growth since modern records began in 1948 as the economy surges back to life after a rapid vaccine rollout, the boss of Barclays has predicted.
Jes Staley said he expects the UK to have a very robust recovery alongside the US, posting its biggest rebound for decades on the back of a post-lockdown consumer spending spree.
He said: “Our economic forecast is for the UK economy to grow by 6.5pc this year, which would be the strongest growth rate in the British economy since 1948.
“There’s tremendous pent-up demand, both with the consumer and small businesses, and we see that as a result of the vaccination programme, which has been an extraordinary success in the UK
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