Bank of England: Economy to rebound strongly due to vaccine
04/02/2021 | news | business | 4,038
High Street banks are also told to prepare for the possibility that interest rates could fall below zero.
1
04/02/2021 13:00:09 427 32
bbc
Let’s hope the economy rebounds strongly, for everyone’s sake
123
04/02/2021 13:13:32 312 298
bbc
The worst hit ecomonies always have the biggest scope to percentage gains after the crisis passes. That doesn't mean there shouldn't be a pulbic inquiry into how we got to point of having both the worst death rates and the worst recession.
177
04/02/2021 13:16:51 57 53
bbc
I agree, but Remainers want the economy to tank so they can say 'I told you so'.
217
DrR
04/02/2021 13:19:30 4 6
bbc
Yes, agree totally, then the government can tax everyone with a job for everything they can get to pay for it all.
265
04/02/2021 13:22:24 7 63
bbc
It would rebound even sooner if it weren't for the ridiculous, unnecessary, politically motivated travel restrictions.
2
04/02/2021 13:00:51 1543 143
bbc
Central Bank policy has long inflated property markets, stock markets (as the latest GameStop action exposed) and encouraged borrowing to prop up an unsustainable economic model too focused on consumerism and the property market.

It’s one thing for the economy to recover post-Covid, but we must press for a recovery that this time allows the majority to benefit and more sustainably.
183
04/02/2021 13:17:11 378 109
bbc
Best post ever. Total agreement.
210
04/02/2021 13:19:11 48 18
bbc
That might require levelling down, no bad thing perhaps
218
04/02/2021 13:19:34 81 5
bbc
I'd like to think I'm wrong, but it ain't gonna happen - we are too set in our ways. Needs much higher level thinking and changes to global society that will be too difficult to contemplate for most.
240
04/02/2021 13:20:29 52 3
bbc
Indeed.

Less draining of value into asset prices and more direct investment in the real economy.

Otherwise, the only eventual future for the UK economy is stagnation.
247
04/02/2021 13:20:54 48 19
bbc
Never. Going. To. Happen.

Nice fantasy though.
301
04/02/2021 13:24:25 53 97
bbc
Problem is, if the bank jacks up it's base rate, then you'll have a crash after people can't afford their mortgages anymore.
At the end of the day, the boomers inflated the property market to their benefit, it's not fair for them to now decide to regulate it and wreck the lives of the millenials who worked hard to get on the property ladder.
323
04/02/2021 13:26:15 90 12
bbc
Be careful; anyone who owns a home enjoys inflated prices as their house value increases; anyone with a Pension enjoys an inflated stock market as their pensions are linked.

I would suggest we need higher wages so people can afford homes and have a good pension.

Reward those who are working now and protect those who have saved in the past.
329
04/02/2021 13:26:43 24 4
bbc
Whilst I very much agree, I wouldn't hold your breath...
334
04/02/2021 13:27:06 37 21
bbc
Don't "learn" economics from the tabloids or social media...
376
04/02/2021 13:29:42 41 31
bbc
Totally agree but the Tories will never allow it
384
04/02/2021 13:30:24 28 45
bbc
In your socialist damp-dream you would thwart big pharma too (?).
You know, the ones that have saved the world ?
Yes, they require investment and are listed companies. Pension funds are big investors for the benefit of many.
Your thinly-disguised hatred of everything that is "capitalism" is nontheless evident.
403
04/02/2021 13:31:59 16 7
bbc
Property prices are driven by demand, if interest rates went up the prices wouldn't be so high, but it doesn't mean more can afford them due to the high borrowing cost. The cost is irrelevant it is all down to supply and demand.
415
04/02/2021 13:32:30 17 8
bbc
Most people have private pension funds which hold stocks...
426
04/02/2021 13:32:53 6 6
bbc
In your dreams.
440
04/02/2021 13:33:32 35 8
bbc
One thing for sure and it has never been in doubt - the pandemic will widen the gap between the rich and poor. The system is designed to achieve this. It is the poor who have died and the poor who have lost jobs and income. The recovery will not change this. Their is no political will to do so. Just the opposite.
457
04/02/2021 13:34:28 22 7
bbc
Total agreement, but while we live under economic systems that give knighthoods to people that make hundreds of millions from vulnerable people via gambling online, manipulating consumers to extract what little money they have to fund their wealth programmes while others starve & footballers aren’t happy with a few hundred million still wanting more & more for themselves & still celebrated. How?
473
04/02/2021 13:35:34 2 4
bbc
We will press for this by electing the party that promises quick riches and we'll accept the steam-rolling any opposition to unsustainable development on the grounds of econonomic expediency. All the pointless transport schemes are still full speed ahead.
510
04/02/2021 13:38:19 7 1
bbc
GameStop price was driven up by the public not banks / funds. Funds borrowed stock that others loaned (SBL) and sold the borrowed as the stock was over valued. The public trade bought the stock forcing the price up, thinking the SBL traders would have to buy at the higher rate, nope they just borrowed more.

The price has fallen the public traders and smaller funds lost!
513
04/02/2021 13:38:46 8 5
bbc
You’ll be outed as a dirty socialist with those kind of ideas that benefit everyone
Agree, but no chance with boris the liar and his vile supporters in play Removed
616
04/02/2021 13:47:03 10 8
bbc
Conservative economic policy will never be written to benefit the majority
641
04/02/2021 13:48:43 9 7
bbc
I'm guessing you are not an economist.
670
04/02/2021 13:26:29 7 2
bbc
GameStop had nothing to do with central bank policy.
671
04/02/2021 13:26:35 4 1
bbc
The feeling I am getting is that this year is going to be tougher than last financially. People thought that the pandemic would be over by Christmas, and gov. support was strong. But we are al less certain now, less optimistic, so people are being cautious with their money.
692
04/02/2021 13:52:02 7 4
bbc
But remember, a lot of these 'everyday' people rely on the current system for their pensions and investments to do well.
There is an assumption that ALL the stock market does is make the rich richer, not strictly true.
An holistic approach is required to balance incentive with social responsibility - not easy.
743
04/02/2021 13:54:29 3 4
bbc
The majority of the country are home owners, so will benefit.
763
04/02/2021 13:55:34 1 1
bbc
Good luck.
816
04/02/2021 13:59:24 3 1
bbc
Wait until taxes have to rise to repay our debts.
818
04/02/2021 13:59:28 3 3
bbc
I'm sorry. The minority would never allow that.
The only way you can get change of that sort is to forcibly remove the minority.
I don't mean that as a threat. I'm just pointing out the stark reality.
842
04/02/2021 14:02:27 2 1
bbc
I might agree but just wonder how you achieve that. Maybe we could start by favouring commercial lending where there is a proposal to actually make something. On a personal level we should return to lending to people who have capital instead of against income which is variable or non existent as with a lot of people just now.
909
04/02/2021 14:07:50 2 4
bbc
Decentralisation is the model we should be aiming for. The US Federal Reserve act in their own interest and the likes of Wall Street operate on pure, unmitigated greed. The legions of retail traders making hedge-funds squeal is a victory we should all celebrate, yet the media seem to have fallen in line with the rest of their elite-friends.
919
04/02/2021 14:08:44 0 4
bbc
But the alternative to a consumer based economy is a service based model which so many people seem to object to as well.

Inflation of asset prices is essentially a massive wealth transfer from the young to the old which the current tax system also supports. Do you suggest that we cut NHS and pension provision for the old as well?

Increase inheritance tax and property tax and reduce income tax?
04/02/2021 14:16:42 6 3
bbc
It would help if the part of government was interestd in creating an economy that allows the majority to benefit. I am afraid that if you look at what this government does rather than says it is not the case. They make gestures and they have slogans, but they have no adequate plans to do anything about improving the lot of the average person.
If you think GameStop rising is a result of the Bank of England's process, you are an idiot. Removed
3
NRB
04/02/2021 13:01:23 25 26
bbc
If we can keep this dozy government from getting involved and leave it to the people of this country quite possible
31
04/02/2021 13:06:32 10 5
bbc
Remember it is a worldwide pandemic not only us and we happen to be fairing a lot better than some countries. Get behind the government and those jobs lost will soon start to return.
157
04/02/2021 13:15:33 2 1
bbc
Well the govt. have ploughed more money than the vast majority countries and ordered the vaccine in advance of most. Look at France, Germany and Austria- vaccine restricted to under 65's.
04/02/2021 17:52:52 0 0
bbc
Like the Covid deniers liberals , looney left labour?
Not a great choice to pick from.
Maybe the Raving monster Looney party?
4
04/02/2021 13:01:26 14 7
bbc
There is always something good to come out of something bad. The country needs a lift, this could be the start of it.
563
04/02/2021 13:42:12 5 4
bbc
Our country needs more than a lift. Dragging us into the 20th century would be a start. The 21st would be wishing for too much.
04/02/2021 16:11:33 1 0
bbc
What is 'this'?
5
04/02/2021 13:01:37 7 10
bbc
I agree. I have booked a holiday for September in this country, I'll play my part in any recovery. It is not in my interest to see unemployment.
I'm sure the doomsayers will be along shortly to disagree though.
37
04/02/2021 13:07:19 5 2
bbc
Same as me. Booked uk holiday this year instead of giving my money to the EU destinations. By British.
92
04/02/2021 13:11:47 1 2
bbc
Rather you than me.
460
04/02/2021 13:34:30 1 2
bbc
You'll "play my part"....give us a break, Dopey.
6
04/02/2021 13:02:40 8 26
bbc
Yep, let's get those coffee bars open ASAP. The sooner the hot air liberals and left wingers get back to loafing around in them all day instead of working, the better off the UK will be.
17
04/02/2021 13:05:04 11 5
bbc
Most of them will be back in schools teaching.
20
04/02/2021 13:05:35 5 2
bbc
Ah... that how the right makes its money, selling coffee and cake at exorbitant prices!
40
04/02/2021 13:07:31 7 2
bbc
I get the impression that you have been influenced by some of the propaganda coming out of the crap media and tabloids.
44
04/02/2021 13:07:43 6 2
bbc
What is a left winger, besides being a sporting term?
I suggest you will not/ cannot answer!
51
04/02/2021 13:08:37 1 2
bbc
Money moves and is used far more and has far more value when 'hot air liberals' spend money in small shops and businesses than those who chose not to spend. £5 can go to a waiter who spends at a market green grocer who then buys a coffee for example. Its good for the economy.
106
04/02/2021 13:12:42 3 3
bbc
Funny how right wingers are always, without exception, unpleasant, rude, and deeply dislikeable.
356
Pip
04/02/2021 13:28:27 2 4
bbc
Spoken like a true Wetherspoonian..........?
7
04/02/2021 13:02:43 30 42
bbc
People forget the irrevocable damage Brexit is doing to the economy. We may recover from Covid but the damage of Brexit is much longer term!
15
04/02/2021 13:04:30 32 19
bbc
Brexit, Brexit, Brexit. Give it a rest.
16
04/02/2021 13:04:47 14 8
bbc
I doubt anyone would rather be in the EU right now. Not even the people in the EU :-)
30
04/02/2021 13:06:28 4 4
bbc
You may have been asleep, but if you have followed the news, it is clear to this economist than any temporary blip will be paid for from our relative vaccine success. We will have paid for it by the end of Q3. Though that should not mean you should take down your von der Leyen poster from the wall.
39
04/02/2021 13:07:31 10 8
bbc
Do we? Have you got any concrete evidence of this, or are you just like a jilted lover and can't let go. Get over it, you lost.
45
04/02/2021 13:07:50 6 5
bbc
I thought it was supposed to happen the day we left? I assume you are kicking the cliff edge down the road now then?
That said I am, absolutely devastated to find I can't buy my bike pedal from the Netherlands now.
66
Bob
04/02/2021 13:10:08 5 7
bbc
Except now we'll never know. The pandemic has granted the government a silver platter on which to blame any negative economic impact Brexit may have provided.
332
04/02/2021 13:26:58 1 2
bbc
Boring......................
411
04/02/2021 13:32:22 1 2
bbc
You really need to get over it..
8
04/02/2021 13:03:12 201 59
bbc
How are the public going to start spending with unemployment rising and private sector debt already at 220% of GDP and more than double public sector debt? The affluent could spend but don't. They just help to increase asset prices like shares and property.
58
Bob
04/02/2021 13:09:17 101 23
bbc
You say the affluent could spend, but don't - but if you take a look at car sales as just one example the brands and models that have barely suffered dips are those that the more affluent buy.

Again, the housing market is stronger among buy to let sales vs. normal sales.

They're clearly still engaging.
80
04/02/2021 13:11:00 5 2
bbc
Also, the inevitable tax rises means less money to spend for everyone.
841
04/02/2021 14:02:24 5 6
bbc
Yep, complete nonsense of a headline. 'Rebound'? - it will take decades and much suffering to recover from the hundreds of £bn of debt that has been incurred. Bank/Gov't misleading the public once again.
04/02/2021 14:33:38 0 1
bbc
Exactly what my first thoughts were , a cynic would say they need to get get people spending despite the risk of doing so to those same individuals , i wouldn't of course but a cynic may ;)
04/02/2021 16:33:27 1 0
bbc
I expect property prices to fall sharply whatever happens. If we come out of lockdown furlough will stop and there will be large numbers of redundant workers who cannot pay their mortgages. If we stay in lockdown the economy is dead and there will probably be hyperinflation.
04/02/2021 19:54:05 0 0
bbc
Not true. My husband just realised his dream and bought a Porche. Could have kept it saved in building society but at nil interest, what’s the point? You are a long time dead....have a bit of what you want now if you can.
9
04/02/2021 13:03:23 80 24
bbc
I sure hope so

But letting people get back on with their life’s and the vaccination haven’t yet been (officially at least) linked by govt

What is the number of vaccinations needed to relax restrictions? How many deaths are acceptable to do the same? How many hospitalisation etc etc

Give us some idea and we can support you on it
295
04/02/2021 13:24:06 117 122
bbc
At what point have we been asked for our support?

The government's condescending treatment of its electorate throughout has been appalling.
300
04/02/2021 13:24:24 3 8
bbc
Anything else you want to know? I don't think we have a lot of previous Covid outbreaks to work from do you?
569
04/02/2021 13:42:38 1 3
bbc
Too many known unknowns to do that.
624
04/02/2021 13:47:27 14 9
bbc
Vaccine herd immunity needs about 85% take up so a while yet, but pressure can be reduced on the NHS once the over-50s are done - other health issues need addressing.
What's curious is that so many on here seem to think that when we can reduce lockdown should be determined by how they feel, or what they want or any perceived need. It's a viral pandemic! It doesn't give a hoot about how you feel.
683
04/02/2021 13:51:22 7 2
bbc
They probably aim for similar levels of hospitalisatios and deaths as the already-vaccinated-flu has each year - between 4,000 and 20,000 annual deaths (although the latter is not the norm, only on a particularly bad flu year)
924
04/02/2021 14:09:06 1 7
bbc
Unlock only when cases are low enough that track and trace can get them all and ensure home isolation of all the infected. This is say 100 a day nationwide?
04/02/2021 14:59:52 1 0
bbc
31m vaccinations, the size of the 9 priority groups combined.
The crazy ERG will push for removal of restrictions at the end of February, but we cannot avoid all the 50-70s catching it in a short space of time.
04/02/2021 15:24:30 1 0
bbc
Life's what?
Jon
04/02/2021 17:00:43 1 0
bbc
If you follow developments you can draw your own conclusions. Let's get back to self responsibility rather than state reliance. My conclusion from what epidemiologists say is about a 70% vaccine uptake should mean no non pharmaceutical interventions are needed & given 20000 flu deaths in a bad year are tolerated I'll let you draw your own conclusions.
04/02/2021 21:06:00 0 2
bbc
Let's just assume that zero would be the best target and then work back a bit from there. We were doing very well and would not have been in the current strict(ish) lockdown if had not been for the more transmissible variant appearing. No point 'getting on with your life' if it ends with others losing theirs and another lockdown
10
04/02/2021 13:03:24 7 13
bbc
Carney got every prediction wrong let's hope his successor has more success.
11
04/02/2021 13:03:30 45 22
bbc
How on earth can the BofE predict this? Housing market is about to fall off a cliff, unemployment is soaring & we get a report with loads of ifs, but & maybes.
Not helpful
26
04/02/2021 13:06:09 21 12
bbc
Maybe you feel more qualified to make definitive statements about the economic future for the country?
53
04/02/2021 13:08:47 5 2
bbc
And how can you predict that the housing market is about to fall off a cliff??
67
04/02/2021 13:10:09 2 5
bbc
Not to mention, the government has now proven it is willing to shut down the economy at the drop of a hat whenever a virus or other illness comes along. I wonder how many people thinking of starting up on their own are now reconsidering, knowing that the gov can and will use its power to force them to stop trading at will. The precedent has been set now.
377
04/02/2021 13:29:52 2 4
bbc
Actually, if you read between his lines, the BoE governor is really quite pessimistic.& quite rightly so....is my opinion.
12
04/02/2021 13:03:47 14 11
bbc
I suspect that there are a lot of people who are sat on a lot of disposable income, it could be a booming summer for the economy.
35
04/02/2021 13:07:09 14 5
bbc
Amen to that. I have accrued a giant beer garden fund.
85
04/02/2021 13:11:28 1 1
bbc
sitting not sat
94
LG
04/02/2021 13:11:55 2 1
bbc
sitting not sat
103
04/02/2021 13:12:30 0 1
bbc
You won't make a good detective then!
330
04/02/2021 13:26:47 0 1
bbc
An economy doesn't grow by consumption....it only grows by production....of goods and services.
387
04/02/2021 13:30:34 2 1
bbc
Hopefully holidays abroad will still be banned and the UK tourist industry will have a bumper year.
533
04/02/2021 13:39:59 1 1
bbc
And a lot who are not.
13
04/02/2021 13:04:25 734 94
bbc
The delusional thinking that has based our economy on people using borrowed money to buy things they don't need will soon become apparent to all.
48
04/02/2021 13:08:20 299 267
bbc
Not so true. As things start to re-open, we will start to spend as you do when you go out things like eating out / stopping for a drink / going back to work and buying lunches. Stop reading the gutter press and open your eyes.
234
04/02/2021 13:20:08 41 17
bbc
People who have no money, low incomes have no option but to borrow to be able to live. I know people who have worked all of their lives, falling through the gaps and are having to use Credit cards to buy food and basic essentials.

Greed and materialism fuels our economy.

People [all people] need to have a basic level of pay to iron out massive divides between affluence and none affluence!
271
04/02/2021 13:22:41 29 25
bbc
I presume? you are in a very comfortable position financially?

"Walk a mile in another [less fortunate] persons shoes perhaps to see how difficult life [just surviving on a daily basis] is for most.
282
04/02/2021 13:23:18 7 20
bbc
Very well said.
363
04/02/2021 13:28:44 15 14
bbc
But it has kept people employed producing goods and services people don't need. The alternative would to not buy what you don't need and have all these employees on unemployment and other benefits. So costing nearly as much without the benefit of contributing towards GDP. Not an expert on economics are you? It needs a lot more juggling that you seem to think.
584
04/02/2021 13:44:03 7 4
bbc
Once the birth rate decreases. They be very little reason to make rubbish for people who don’t need it. The age of materialism will fade away along with the culture of celebrity. This will be replaced with doctors, scientists physicists, inventors, artists and revolutionaries. The 21 century is going to be so much fun.
609
04/02/2021 13:46:22 1 2
bbc
And how would most people buy their homes?
660
04/02/2021 13:24:13 3 6
bbc
A lot of people are trapped in PCP car loans, because they can't afford the end payment, so have to roll over onto another overpriced car that nobody is impressed with.
666
04/02/2021 13:49:54 1 1
bbc
No it won't because it already is and we don't care.
771
04/02/2021 13:52:22 6 3
bbc
How do you know people buy things they don't need? Because you don't need them?
810
04/02/2021 13:58:45 4 1
bbc
I'm buying thinks I don't -need- but not using borrowed money.

And who gets to decide what people -need- ?

People like you, presumably...
913
04/02/2021 14:08:10 3 2
bbc
That's how all modern economies work. In fact 99% of all new money is borrowed into existence. Sounds mad, but its true.
14
04/02/2021 13:04:27 1 2
bbc
Let's hope we can return to strong growth.

The UK is an economy based on consumer spending (moreso than our European neighbours, contributing a larger decline in 2020) so jobs and consumer confidence are key going forward.
7
04/02/2021 13:02:43 30 42
bbc
People forget the irrevocable damage Brexit is doing to the economy. We may recover from Covid but the damage of Brexit is much longer term!
15
04/02/2021 13:04:30 32 19
bbc
Brexit, Brexit, Brexit. Give it a rest.
83
04/02/2021 13:11:10 5 7
bbc
Tell that to the businesses which are headed for bankruptcy thanks to the stupidity of Brexit. Livelihoods ruined and for what? Some narrow minded nationalism based on lies. No wonder a very large majority would now vote to remain.
308
Pip
04/02/2021 13:24:41 1 2
bbc
Funny how Brexiteers keep clamouring for us to forget what the silly s*ds have done to our economy.........?
640
04/02/2021 13:48:42 1 1
bbc
Wish I could. But it is really with us now.
We, unfortunately, have to try to live with it.

I could really do with those sunlit uplands atm.
The grass was definitely greener pre-2016.
7
04/02/2021 13:02:43 30 42
bbc
People forget the irrevocable damage Brexit is doing to the economy. We may recover from Covid but the damage of Brexit is much longer term!
16
04/02/2021 13:04:47 14 8
bbc
I doubt anyone would rather be in the EU right now. Not even the people in the EU :-)
32
04/02/2021 13:06:42 7 5
bbc
Evidence?
95
04/02/2021 13:12:02 3 6
bbc
Stop lying. Check the polling, support for the EU has never been higher. People have seen the damage Brexit has and will continue to cause and they want no part of it.
652
04/02/2021 13:49:10 1 1
bbc
Wrong.
Yep, let's get those coffee bars open ASAP. The sooner the hot air liberals and left wingers get back to loafing around in them all day instead of working, the better off the UK will be.
17
04/02/2021 13:05:04 11 5
bbc
Most of them will be back in schools teaching.
46
04/02/2021 13:08:03 0 2
bbc
Most of who?
18
04/02/2021 13:05:23 12 18
bbc
Imagine how awesome it would be without brexit damage to our finance sector?
140
04/02/2021 13:14:34 0 1
bbc
We will never know
19
04/02/2021 13:05:31 63 21
bbc
For people to spend, people have to earn. Job losses, considerable debt, reduction in levels of credit available or sky high interest rates to deter are not going to help.
Add to that manufacturing will have to get up to speed, raw material costs will increase through tariffs etc., and the economy will slowly start but it will be a long time before the new paradigm is anyway near what was.
136
04/02/2021 13:14:24 39 13
bbc
People tend to spend regardless of whether they can afford it. Especially on more food than they need.
264
04/02/2021 13:22:22 3 2
bbc
Interest rates are at an all-time low. They'd need an Elon Musk-style rocket to propel them up (oh yes, and burn up on re-entry!)
Yep, let's get those coffee bars open ASAP. The sooner the hot air liberals and left wingers get back to loafing around in them all day instead of working, the better off the UK will be.
20
04/02/2021 13:05:35 5 2
bbc
Ah... that how the right makes its money, selling coffee and cake at exorbitant prices!
21
04/02/2021 13:05:56 17 15
bbc
The sort of people who say the Bank of England is always wrong are also the sort of people who will say it's because our vaccine programme is better than the EU's. Here they come.
73
04/02/2021 13:10:37 5 3
bbc
and the bbc is evil
322
04/02/2021 13:26:13 1 1
bbc
The sort of people who deny that the EU made a mess of their vaccine programme are also the sort of people who will never accept Brexit, and will be complaining about it for 20 years.
22
04/02/2021 13:06:04 6 4
bbc
A very tightly compressed coil spring, following months of surpressed activity, ready to leap into action - hopefully
23
04/02/2021 13:06:04 9 16
bbc
Project fear is ageing about as well as an egg mayo sarnie.
64
04/02/2021 13:09:53 2 2
bbc
grow up
252
04/02/2021 13:21:20 0 2
bbc
Just wait till the Black Swan swoops in.
24
04/02/2021 13:06:06 7 22
bbc
Err projected 2.5 Million unemployed due directly to Rona rules!...so 2.5 million with NO money to spend!!! X number of businesses either lost , short staffed so short time working!! So LESS taxes will be paid less rents less mortgages......MORE benefits to be paid OUT!!!!! All down to BoJo personally !!!!!!!!!!!!!
112
04/02/2021 13:12:49 4 1
bbc
"All down to BoJo personally". Oh grow up.
113
04/02/2021 13:12:55 1 1
bbc
So whole of Europe is plus/minus 10pc same as UK, are they all idiots ? Why Boris ?
454
04/02/2021 13:34:18 0 1
bbc
No, 17.4m, many in another place now, definitely helped.
25
SP
04/02/2021 13:06:06 138 13
bbc
Every challenging times lead us to innovate and evolve in a better way.

Now many companies learnt on how to work remotely and efficiently . No doubt many of those practices will continue even after the lockdown

UK learnt the importance of manufacturing within the country .

People learnt that money is not everything in life. Now they value relationships as well.
114
04/02/2021 13:13:04 83 6
bbc
It's true if the businesses themselves can save money by not needing to pay business rates and office related expenses, their staff by not needing to pay travel expenses and spend a part of their day heading into the city, I can't see them moving back to the old model. Come April and the new tax year I would imagine there will be lots of businesses that become remote only.
231
04/02/2021 13:20:02 1 1
bbc
Utterly
258
04/02/2021 13:22:03 1 6
bbc
I think you've got your beer glasses on.
370
04/02/2021 13:29:08 9 5
bbc
Very much agree. The fact that 4 people can vote your comment down is sadly indicative of those in our society that don't have the positivity and the 'get up and go' to make successes of their lives or, perhaps, those close to them. Thank goodness for the hard workers all around doing whatever they can to move forward.
408
04/02/2021 13:32:13 6 1
bbc
Many companies have not learnt to innovate. and are broken.

Money helps quite a lot, though, not easy to get shelter, clothing and food without it.
Plenty in poverty over the last 10 years can testify to that.
469
04/02/2021 13:35:14 2 1
bbc
Hope so.
Hope we do not all have short memories and will be able to build a Brave New World!

SP-I would have you on my team!
04/02/2021 14:32:13 5 2
bbc
Totally agree...... and yet we've committed billions to vanity project that is HS2. No need for this when remote working is finally normal practice (although for many even before this the penny had dropped and they engaged with this medium!) Talk about an expensive step backwards
04/02/2021 15:24:00 0 0
bbc
But will the 'learning' last. Only little bits of it I suspect.
04/02/2021 15:30:56 1 0
bbc
I remember my Mother telling me that at the end of WW2 she thought that everyone had learnt to look out for one another and this would be one good thing to come out of the war. She was to be disappointed, apparently in a very short time it all went back to how it had been before.
NP
04/02/2021 15:38:26 1 0
bbc
Very nicely put.
11
04/02/2021 13:03:30 45 22
bbc
How on earth can the BofE predict this? Housing market is about to fall off a cliff, unemployment is soaring & we get a report with loads of ifs, but & maybes.
Not helpful
26
04/02/2021 13:06:09 21 12
bbc
Maybe you feel more qualified to make definitive statements about the economic future for the country?
554
04/02/2021 13:41:35 0 2
bbc
That was hardly a definitive statement.

More of a page-filler.
975
04/02/2021 14:13:28 2 1
bbc
Of course not but what does the BofE know that we don't? Why not share such info, give us all a boost. Some of us are struggling, where is the hope?
27
04/02/2021 13:06:17 9 4
bbc
One the one hand we have an adviser to the WHO saying that in order to open up education, that measure including mask wearing, social distancing will need to stay in place for a long time. Then on the other hand being told the economy will open up and bounce back... this is like a roller coaster!
100
04/02/2021 13:12:15 5 3
bbc
Not really: roller coasters have to be planned whereas this is just more of the usual "throw something at the wall and see what sticks".
215
04/02/2021 13:19:25 2 1
bbc
More like a Ghost train!
28
04/02/2021 13:06:20 10 5
bbc
GDP growth will inevitably rebound into double figures (20%+?) given the current artificial contraction, but it could take sometime to see if there has been long-term damage to the economy.
199
04/02/2021 13:18:35 3 1
bbc
It won't take very long to see the said damage......... A recession is when your neighbour loses their job, a depression is when you lose yours
368
04/02/2021 13:29:06 0 1
bbc
Yes, quite a long time, but the indications are quite sufficient after 1 year of covid, and 5 weeks of brexit.
29
04/02/2021 13:06:25 98 33
bbc
Another value judgement asserted by the Bank of England as if it was the truth.

We just don't know what is going to happen.

I suspect a lot of people have got used to saving and could easily save more. Others have got used to not going out to enjoy gardens and books.

I do hope the hospitality and arts sectors are capable of recovery having been arbitrarily shut down: unlike the borders.
50
04/02/2021 13:08:36 26 9
bbc
you'd better get down to specsavers:

"unusually uncertain"
"although the timing of those effects is hard to predict"
421
04/02/2021 13:32:42 5 3
bbc
GDP growth will inevitably rebound into double figures (20%+?) given the current artificial contraction, but it could take sometime to see what the long-term damage to the economy has been.

In the case of the UK we will have the self-inflicted damage from Brexit to factor in as well. We will only be able to see the extent of that with how our EU neighbours recover from CV19.
04/02/2021 15:26:45 2 0
bbc
Of course they can't predict the future - but all substantial organisations have to make the best projections they can (and keep revising them) in order to plan for the future. Is that so hard to understand?
7
04/02/2021 13:02:43 30 42
bbc
People forget the irrevocable damage Brexit is doing to the economy. We may recover from Covid but the damage of Brexit is much longer term!
30
04/02/2021 13:06:28 4 4
bbc
You may have been asleep, but if you have followed the news, it is clear to this economist than any temporary blip will be paid for from our relative vaccine success. We will have paid for it by the end of Q3. Though that should not mean you should take down your von der Leyen poster from the wall.
3
NRB
04/02/2021 13:01:23 25 26
bbc
If we can keep this dozy government from getting involved and leave it to the people of this country quite possible
31
04/02/2021 13:06:32 10 5
bbc
Remember it is a worldwide pandemic not only us and we happen to be fairing a lot better than some countries. Get behind the government and those jobs lost will soon start to return.
16
04/02/2021 13:04:47 14 8
bbc
I doubt anyone would rather be in the EU right now. Not even the people in the EU :-)
32
04/02/2021 13:06:42 7 5
bbc
Evidence?
33
04/02/2021 13:06:48 30 30
bbc
Great news, thanks to Boris and the vaccine foresight! We'll done UK despite EU efforts to thwart us again!
49
04/02/2021 13:08:36 14 12
bbc
Paul is a fan of WW2. Don't be like Paul.
54
04/02/2021 13:08:59 6 7
bbc
Yes, thanks Boris for twice the number of dead since the second world war bombing atrocities!
77
04/02/2021 13:10:43 4 4
bbc
Clearly you haven't been paying attention.
250
04/02/2021 13:21:12 0 3
bbc
Well said Paul
320
04/02/2021 13:26:00 1 1
bbc
Again?
They have spent years trying to save us from ourselves.
34
04/02/2021 13:07:07 2 3
bbc
Somehow I don't expect the usual comments complaining about "could" and "maybe" this time
12
04/02/2021 13:03:47 14 11
bbc
I suspect that there are a lot of people who are sat on a lot of disposable income, it could be a booming summer for the economy.
35
04/02/2021 13:07:09 14 5
bbc
Amen to that. I have accrued a giant beer garden fund.
86
04/02/2021 13:11:31 3 1
bbc
I've always wanted a giant beer garden, you lucky bar steward.
36
04/02/2021 13:07:11 24 23
bbc
Surprised there’s no “Despite Brexit” in this article.
74
04/02/2021 13:10:37 19 17
bbc
It might be because it dawned on them it was Because of Brexit that we will escape so soon.
107
04/02/2021 13:12:42 6 4
bbc
Throwing NI under the bus was always the Brexit plan Glory boy. Bank of ENGLAND not Britain!!!
116
04/02/2021 13:13:16 0 2
bbc
We will never know
117
04/02/2021 13:13:17 6 7
bbc
Me too. After all Brexit is responsible for all the ills in the world. Its the worse thing to have happened in the whole of mankind's history. No doubt some idiot will blame Covid on Brexit.
302
04/02/2021 13:24:31 0 2
bbc
Still lots of Brexit bonuses to come, I'm sure.
5
04/02/2021 13:01:37 7 10
bbc
I agree. I have booked a holiday for September in this country, I'll play my part in any recovery. It is not in my interest to see unemployment.
I'm sure the doomsayers will be along shortly to disagree though.
37
04/02/2021 13:07:19 5 2
bbc
Same as me. Booked uk holiday this year instead of giving my money to the EU destinations. By British.
272
04/02/2021 13:22:43 2 1
bbc
The worst place in the world is an overcrowded UK seaside town.
"Buy British."

It is a good soundbite. But it won't help us recover from a pandemic.
In the 1920's global economies suffered massive falls as a result of stock market crashes. Nations reacted by becoming isolationist and protectionist of their own industries. Result - the Great Depression. A decade of negative growth.
Having a insular policy, will not help our economy. It has been proven.
04/02/2021 14:50:36 2 1
bbc
On what basis has anyone downvoted this post unless they are from outside the UK? Do British people really not want their country and its own people to succeed?
04/02/2021 15:01:47 1 0
bbc
As long as we keep calling them a UK or domestic holiday - none of this 'staycation' nonsense which means something different entirely, i.e. staying at home, e.g. to do DIY, camp in the garden etc. Boils my pi$$.
04/02/2021 18:00:39 1 0
bbc
Sorry guys, you will be ripped off by people hiking up prices and quoting supply and demand!
Then the holiday arrives and you're stuck with two weeks of rain and the drunks making up for lost time in the pubs.
Me, Cyprus bound for two weeks of sunshine if I can, if unable to do that, stay at home and have a few day's out, weather permitting.
38
04/02/2021 13:07:20 91 10
bbc
The BoE's idea of a strong rebound may be different to yours.
155
04/02/2021 13:15:23 26 6
bbc
Agreed
285
04/02/2021 13:23:20 5 2
bbc
Very.
And please notice qualifiers.
Lots of ifs, and a few uncertains.
Could have been a Johnson forecast, apart from the missing " mightily, and " World-beating".
04/02/2021 17:11:55 0 0
bbc
A size 10 hobnailed boot would be the only rebound I would give them.
7
04/02/2021 13:02:43 30 42
bbc
People forget the irrevocable damage Brexit is doing to the economy. We may recover from Covid but the damage of Brexit is much longer term!
39
04/02/2021 13:07:31 10 8
bbc
Do we? Have you got any concrete evidence of this, or are you just like a jilted lover and can't let go. Get over it, you lost.
675
04/02/2021 13:50:42 1 1
bbc
We all lost.
Yep, let's get those coffee bars open ASAP. The sooner the hot air liberals and left wingers get back to loafing around in them all day instead of working, the better off the UK will be.
40
04/02/2021 13:07:31 7 2
bbc
I get the impression that you have been influenced by some of the propaganda coming out of the crap media and tabloids.
41
04/02/2021 13:07:32 4 3
bbc
If the economy is opened up in a structured and clear way, two hopes of that at moment
228
04/02/2021 13:19:52 1 2
bbc
With Johnson in charge?
42
04/02/2021 13:07:40 263 36
bbc
Once the NHS is out of danger from being overwhelmed by Covid patients, and the most at risk tiers of vaccine recipients are 3 weeks past their first dose then the balance is between re-opening the economy as fast as possible and the additional deaths which will happen as the virus gets a last chance to infect individuals who are no longer isolating. We cannot target 0 cases before re-opening.
298
04/02/2021 13:24:13 184 238
bbc
"We cannot target 0 cases before re-opening"

Only because we failed so utterly at keeping the virus from getting here in huge numbers.
Countries like Australia go into shut down for every single case but then have been almost normal most of the time. They have taken a hit in tourism but everything else has been good.
443
04/02/2021 13:33:40 8 9
bbc
No, not until we all work together globally.
VoR
04/02/2021 14:24:58 3 4
bbc
I think you forget that the risk of Covid is not merely risk of death. About 1 in 10 suffer persistent health issues as a result of Covid, some of which are almost incapacitating.

Then on top of that, there will be those who don't suffer symptoms in the short term but who have developed fibrosis etc from Covid, meaning they could be more vulnerable to all sorts of things in the future.
04/02/2021 14:40:39 5 14
bbc
If that useless idiot BoJo had closed our borders (as he could have done last year) and used the closed hotels for quarantining UK returners then we wouldn't be in such a dire state in the first place. He made the situation much worse then now tries to pretend it is all rosy due to him! He has beaten Gordon Brown to the worst PM ever.
LH
04/02/2021 15:18:25 4 1
bbc
Meanwhile, flu deaths have DROPPED this year!!!
04/02/2021 19:29:03 0 0
bbc
And all of this so Multi-millionaire Airline bosses, Brewery directors and their ilk, can get back to coining it from the gullible
43
04/02/2021 13:07:41 4 9
bbc
Sell the gold like Gordon Brown did... although hopefully at more of a price!
62
04/02/2021 13:09:46 0 1
bbc
Is there any left? The silver went years ago....
138
04/02/2021 13:14:31 0 1
bbc
We don't own any.....no London Bullion Market audit for very many years....ditto U.S. so-called Gov. gold ownership. All been sold or leased out. At least Canada admits it has no gold
205
04/02/2021 13:18:56 0 1
bbc
What gold?
Yep, let's get those coffee bars open ASAP. The sooner the hot air liberals and left wingers get back to loafing around in them all day instead of working, the better off the UK will be.
44
04/02/2021 13:07:43 6 2
bbc
What is a left winger, besides being a sporting term?
I suggest you will not/ cannot answer!
7
04/02/2021 13:02:43 30 42
bbc
People forget the irrevocable damage Brexit is doing to the economy. We may recover from Covid but the damage of Brexit is much longer term!
45
04/02/2021 13:07:50 6 5
bbc
I thought it was supposed to happen the day we left? I assume you are kicking the cliff edge down the road now then?
That said I am, absolutely devastated to find I can't buy my bike pedal from the Netherlands now.
684
04/02/2021 13:51:22 0 1
bbc
You can, but at what cost?
17
04/02/2021 13:05:04 11 5
bbc
Most of them will be back in schools teaching.
46
04/02/2021 13:08:03 0 2
bbc
Most of who?
47
04/02/2021 13:08:10 55 35
bbc
"The Economy" feeds the rich, not those who no longer have jobs
65
04/02/2021 13:10:05 66 84
bbc
The capitalist ideology started when Mrs Thatcher ruined the country in the 80s causing mass unemployment.
224
04/02/2021 13:19:40 9 2
bbc
The economy creates jobs. How else are they created?
226
04/02/2021 13:19:46 9 14
bbc
The economy feeds us all. We are lucky to live in the best country in the World
512
04/02/2021 13:38:25 2 5
bbc
The rich are the economy. The peasants are just ants that work for the rich and die young.
13
04/02/2021 13:04:25 734 94
bbc
The delusional thinking that has based our economy on people using borrowed money to buy things they don't need will soon become apparent to all.
48
04/02/2021 13:08:20 299 267
bbc
Not so true. As things start to re-open, we will start to spend as you do when you go out things like eating out / stopping for a drink / going back to work and buying lunches. Stop reading the gutter press and open your eyes.
244
04/02/2021 13:20:41 36 10
bbc
Except that things will not be reopening for some time and even then gradually.

Many businesses have already gone to the wall and others are not far behind them.

If the government statements yesterday are anything to go by it could be autumn or even next year before things really start to open.

Any suggestion of a recovery in the spring must be based upon some very optimistic thinking indeed.
313
04/02/2021 13:25:25 14 21
bbc
Nicia....you're so far wrong that it's hardly worth pointing it out. So I won't. You'll find out for yourself, one day....soon.
409
04/02/2021 13:32:16 22 4
bbc
Will we really? I think many people have developed new habits which will take a long time to change and the virus isn't going anywhere fast.
432
04/02/2021 13:33:11 22 12
bbc
Actually they make a good point. We havr been sold a lie that our economy can be strong based on the London financial sector and consumption of imported goods. Which quite frankly it's not.
479
04/02/2021 13:36:03 16 3
bbc
Lets hope everyone gets their jobs back, otherwise there's no spending power to get the shops, pubs and restaurants back to profit.
527
04/02/2021 13:39:27 6 2
bbc
Many of those places we enjoyed going out to are businesses wbich have failed.
With manufacturing, and finance in trouble, many will not havd ghe spare money to get back to the old normal.

Many families have backlogs of mortgage and rent debt to catch up on first.
I wish it were not so.
539
04/02/2021 13:40:09 11 5
bbc
The gutter press that moan when you don’t buy avocado on toast with a coffee in the city, which keeps low skilled immigrants in work. Or the gutter press that moan about low skilled immigrants in work and that the reason people can’t afford houses is that they spend all their money on avocado on toast?
690
04/02/2021 13:51:40 2 1
bbc
People will also have a lot of debt accumulated during the pandemic. Furlough is 80% of wages. They will not be returning to eating out/drinking/etc as much as they struggle with reducing debt.
764
04/02/2021 13:55:35 3 2
bbc
I'm not going back to working from an office.
04/02/2021 14:20:56 1 0
bbc
My comment is based not on the 'gutter press' but statistics on consumer and personal debt levels, along with long-term trends in the 'repositioning' of the UK economy from one based upon manufacturing to one based upon hospitality and the service industry.
04/02/2021 14:25:23 3 1
bbc
I'm certain you're right, Nicia. The majority are yearning to go back to life before the pandemic. In a year's time only a small minority will be working from home – and most will gleefully continue to buy things they don't need with money they don't have. However, big and small business will start to look greener.
33
04/02/2021 13:06:48 30 30
bbc
Great news, thanks to Boris and the vaccine foresight! We'll done UK despite EU efforts to thwart us again!
49
04/02/2021 13:08:36 14 12
bbc
Paul is a fan of WW2. Don't be like Paul.
Idiot Removed
270
04/02/2021 13:22:41 0 3
bbc
I disagree with you and you should not be saying things like that to another Brit
29
04/02/2021 13:06:25 98 33
bbc
Another value judgement asserted by the Bank of England as if it was the truth.

We just don't know what is going to happen.

I suspect a lot of people have got used to saving and could easily save more. Others have got used to not going out to enjoy gardens and books.

I do hope the hospitality and arts sectors are capable of recovery having been arbitrarily shut down: unlike the borders.
50
04/02/2021 13:08:36 26 9
bbc
you'd better get down to specsavers:

"unusually uncertain"
"although the timing of those effects is hard to predict"
342
04/02/2021 13:27:39 2 1
bbc
I have more faith in JRM.
50 years hopefully enough.
04/02/2021 15:15:52 1 0
bbc
Economist waffle: I already called it a value judgement.

Do you know what that is?

Probably you are too busy reading advertisements
Yep, let's get those coffee bars open ASAP. The sooner the hot air liberals and left wingers get back to loafing around in them all day instead of working, the better off the UK will be.
51
04/02/2021 13:08:37 1 2
bbc
Money moves and is used far more and has far more value when 'hot air liberals' spend money in small shops and businesses than those who chose not to spend. £5 can go to a waiter who spends at a market green grocer who then buys a coffee for example. Its good for the economy.
52
04/02/2021 13:08:47 8 12
bbc
People have now been institutionalised by lock downs, they won’t be going out any time soon.
89
hew
04/02/2021 13:11:39 4 2
bbc
People are desperate to get out of their homes and back to normality.
97
04/02/2021 13:12:03 1 1
bbc
Hopefully. Bad habits needed to change. Paying a fortune for others to warm up food or pour a drink always was insane behaviour of the grossly overpaid, having no need to regard the ludicrous costs.
197
04/02/2021 13:18:31 1 1
bbc
I disagree
198
04/02/2021 13:18:33 0 1
bbc
Apart from covidiots.
380
04/02/2021 13:30:11 0 1
bbc
I disagree. When tickets went on sale for a concert (to be held in the summer) I logged on immediately and about 2,500 were already in the queue! Needless to say the tickets sold out before I got to the head of the queue. And Saga has reported a boom in the sale of cruises (as most of their clients will be vaccinated by Easter).

I think most people are absolutely desperate to get out and about.
11
04/02/2021 13:03:30 45 22
bbc
How on earth can the BofE predict this? Housing market is about to fall off a cliff, unemployment is soaring & we get a report with loads of ifs, but & maybes.
Not helpful
53
04/02/2021 13:08:47 5 2
bbc
And how can you predict that the housing market is about to fall off a cliff??
952
04/02/2021 14:11:34 3 2
bbc
the stamp duty holiday ends 31/03/2021. Already estate agents are experiencing a drop off in sales.
33
04/02/2021 13:06:48 30 30
bbc
Great news, thanks to Boris and the vaccine foresight! We'll done UK despite EU efforts to thwart us again!
54
04/02/2021 13:08:59 6 7
bbc
Yes, thanks Boris for twice the number of dead since the second world war bombing atrocities!
55
04/02/2021 13:09:00 7 4
bbc
It is a tricky balance. In another HYS people (consumers) are being criticised for going on holidays and socialising etc. But it is only consumers that grow an economy. There will be growth, but I doubt we will be anywhere near back to pre-Covid rate for several quarters.
69
04/02/2021 13:10:18 5 2
bbc
Agree. Those who lost jobs will need to find new ones first before they could even think of disposable income spending.
195
04/02/2021 13:18:12 0 1
bbc
Quite probably but let’s just go for it. Thank you NHS for letting me have a jab on Monday
385
04/02/2021 13:30:25 0 1
bbc
We are moving away from a world where buying stuff is important. Consumerism means consumption of resources and people have realised we can't keep doing that without destroying the environment we live in.
850
04/02/2021 14:02:53 0 1
bbc
Incorrect. It is production and efficiency that grow an economy. For a decade, China consumed virtually nothing above essential median. The fastest grown economy in modern history. And the biggest.
56
04/02/2021 13:09:06 22 21
bbc
I am astonished that a reasonable, and optimistic UK economic analysis has been published on the BBC. Someone will have lost their job. As the development of vaccines and treatments has illustrated, our industry is full of very clever, flexible and resourceful people. Add to that our own currency and the BoE’s role and we will be fine, now we have cracked the vaccines. Bounceback Britain!
84
04/02/2021 13:11:16 8 11
bbc
Dream on
180
04/02/2021 13:16:56 1 1
bbc
I absolutely agree with you Lingfielder. Well said, let’s be positive
182
04/02/2021 13:17:10 0 2
bbc
Another who no doubt wants the BBC to be a cheerleader for the Government and only report positive news. You surely comb these pages looking for the negative reports as proof. However, if you were to be objective, you would note that they also give prominence to the good news stories such as the vaccine roll out. Don't blame the BBC for the fact that there has been little to cheer about.
188
04/02/2021 13:17:51 0 1
bbc
May I point out that the forecast rebound is uncertain?
It will depend on the number of vaccinations, nort forecast to be finished by the autumn, further brexit " benefits", the emergence of worse covid mutants, people having any money left to spend, and holiday destinations being open, " our" gov not making any more "**k-ups,and the economy only shrinking by 4.2%.
Otherwise,the future looks rosy
57
04/02/2021 13:09:15 18 14
bbc
The vast majority of working age people won't be offered the first dose until the Autumn, so this seems rather illogical. We'll all still be locked inside, unable to travel or spend money on anything which isn't delivered to our doors.
91
04/02/2021 13:11:46 14 3
bbc
You'll be surprised how many of working age have underlying health conditions such as diabetes and hypertension. Once they're done it will be 50+, so I reckon we'll be more than halfway by Summer
207
04/02/2021 13:19:00 3 2
bbc
If you are at working age especially if you are under 50 you have very little to fear except maybe a week off with flu like symptoms so why are you locking yourself away?? Do you lock yourself away every year when flu is at its most prevalent ?
851
04/02/2021 14:02:57 1 1
bbc
That's odd! It looks like we are on course to have offered it to everyone by August. What a pessimist you are.
8
04/02/2021 13:03:12 201 59
bbc
How are the public going to start spending with unemployment rising and private sector debt already at 220% of GDP and more than double public sector debt? The affluent could spend but don't. They just help to increase asset prices like shares and property.
58
Bob
04/02/2021 13:09:17 101 23
bbc
You say the affluent could spend, but don't - but if you take a look at car sales as just one example the brands and models that have barely suffered dips are those that the more affluent buy.

Again, the housing market is stronger among buy to let sales vs. normal sales.

They're clearly still engaging.
402
04/02/2021 13:31:53 3 4
bbc
The lower price new cars are down 40%. What does that tell us about the country?
427
04/02/2021 13:32:56 13 2
bbc
A Millionaire/billionaire buying a car is equivalent to you or I buying a jar of coffee....or whatever
598
04/02/2021 13:45:21 12 4
bbc
At the expense of the less affluent.
Rent on a property is always higher than the mortgage; those who cannot find the deposit suffer.
We need more, much more, social housing.
VoR
04/02/2021 14:28:22 3 0
bbc
Haven't looked at the car sales figs by brand, but the more affluent are often those more able to work from home, and working from home won't disappear entirely when Covid does. I've put my own purchase of an electric car on ice because my car use in the post-Covid world will be a fraction of what it was in the pre-Covid world. The manufacture of the car would pollute more than the fuel I'll use
04/02/2021 14:38:28 7 0
bbc
My lifetime's relatively modest savings are earnibf 0.05% interest. Don't blame me if I invest in something which MAY stop them shrinking.
04/02/2021 15:24:04 2 0
bbc
Who is going to afford the rents?
04/02/2021 16:56:30 1 1
bbc
rubbish - I'm a morgage broker and it's residential that's driving sales
59
04/02/2021 13:09:32 806 140
bbc
According to the Chancellor, the vast majority of us have spent the last 10 months sat at home saving up several thousands of pounds that we're itching to spend, spend, spend...meanwhile, back in the real world, the majority of folk are living day to day, week to week, month to month.
153
04/02/2021 13:15:19 529 88
bbc
Well I've saved a fortune and I've avoided my family all year. Win win.
163
04/02/2021 13:15:52 67 16
bbc
I guess it depends on your experiences. I only know one person who has been furloughed, and no one who has lost their job. This cuts across retail workers, teachers, care workers, financial professionals, tradespeople etc.

The job losses we've seen are terrible, but I believe the majority have their heads down, working their way through each lockdown.
219
04/02/2021 13:19:37 78 89
bbc
That's because the Chancellor is filthy rich and has absolutely no understanding of the issues of the common man.
237
04/02/2021 13:20:20 113 8
bbc
Lots of people have been able to save a lot of money, usually middle and high earners who can work from home. No commute expenses, no overseas holidays, no shop brought lunches and Starbucks coffee.
273
04/02/2021 13:22:48 22 18
bbc
So there is no pent-up demand at all, and we all want to stay in lockdown mode?
275
04/02/2021 13:22:54 77 3
bbc
I don't think the Chancellor is completely correct but then neither are you. There is no doubt that some people have saved considerable sums of money. Their transport costs have reduced, they no longer spend on coffee/sandwiches during the working day, they aren't paying nursery fees and so on. On the other hand many people have lost their job and some self-employed have been unable to work.
318
04/02/2021 13:25:49 39 18
bbc
Indeed only those who worked from home could save money (lunches and commuting), furloughed people lost money, and other people lost their jobs. I think a lot of people even in the best situation have put the money towards paying off debt, creating a small savings buffer, or have spent it already online. There simply isn't a lot of money itching to be spent.
372
04/02/2021 13:29:23 20 19
bbc
Yes and it is shameful!

Covid chaos has made it worse for those who were only just hanging on financially before all of this.
578
04/02/2021 13:43:32 7 5
bbc
Some business' playing the furlough fraud card will likely be doing well.
642
04/02/2021 13:25:03 7 2
bbc
It is some and some. I know some people who have done well out of the pandemic and government support schemes, others who are struggling.
702
04/02/2021 13:52:41 15 4
bbc
So you are in the latter group. I've certainly saved a few thousand so my anecdotal evidence is as good as yours. There are some suffering badly from this but the majority are not. They've not bought a new car this year or had that foreign holiday. Even back last May some £100bn of debt was repaid early from spare cash. There is now some £400bn floating around in the population waiting to be spent
744
04/02/2021 13:54:31 21 5
bbc
True for some maybe, and I include myself. Not spending money on frivolities, and saving, is now such a habit that I'm not in any hurry to go out and spend. Rather give it to family. Haven't seen the inside of a pub or restaurant for nearly a year, and you know, I now prefer staying at home. Sorry folks. And I prefer my own cooking to even the best restaurants.
845
04/02/2021 14:02:38 27 3
bbc
I've saved nigh on £10,000 & believe me, I'll be spending it as soon as I'm allowed out.
I'll ensure as much as possible is from UK sources too.
886
04/02/2021 14:05:18 12 1
bbc
I owe £23,439.00 less than I did on 20th March 2020 .... Was furloughed for 3 weeks at the start and worked since. All depends on the world you were in when this started I suppose !
984
04/02/2021 14:14:32 11 0
bbc
I'm afraid Chancellor is right - savings across large % of population has grown - yes there are those who haven't - there always will be - but Covid has triggered record savings growth in last 12 months; the bigger concern is, once furlough ends, how many jobs will get the axe.........
04/02/2021 14:35:20 5 3
bbc
Wasn't there a report yesterday that many people have accumulated staggering debts ? Then you take the large increase in the unemployed , the people who have had to heat their properties during the day to home school , the 2 million who have received no money for 2 years , the reduction of pensioner savings , public sector workers not receiving pay rises . Bit optimistic I think .
04/02/2021 14:43:29 9 2
bbc
Speak for yourself. I'm only an average earner (lower rate tax payer), and have saved a fortune! I've managed to pay off a credit card, buy an investment property and top up my savings/shares account. Plenty who earn more than I do will be in an even better position.
04/02/2021 15:12:49 2 0
bbc
The ONS has said that the average family is £7500 better off this year than last. I wasn't aware that the Chancellor worked for the ONS. Also you mention the "majority of folk"...do you know the majority of folk and their financial positions?
04/02/2021 15:26:22 2 0
bbc
You are totally wrong.I am one that fell through the cracks and have had no income,however anyone who is on Average earnings are substantially better off even if on furlough as they have been saving a small fortune on expenses and also on their mortgage.I can see every month how much lower my bills are compared to previous years
04/02/2021 15:42:15 3 1
bbc
In fairness I’ve got stacks of cash that would otherwise have been in the pub till!

Feel desperately sorry for our public and and will be sure to show them my FULL financial support as soon as we’re allowed.

Well we all have to play our part! :)
04/02/2021 15:44:29 1 0
bbc
I hope everyone who has saved loads doesn't spend it all too quickly...we'll all need enough to cover tax increases at some point.
04/02/2021 15:58:12 1 0
bbc
True. But getting back all that money I put out for holidays that never happened doesn't make me keen to spend.
04/02/2021 16:04:31 0 1
bbc
Since 2010 successive Tory Cabinets have been made up entirely of millionaires. None of them can, in any shape or form, identify with low income families using food banks and dreading what's going to happen to their lives when Covid is no longer the threat that it presently is.

They'll be lucky if they still have their low paid jobs. Spend, spend, spend will not happen for them.
Ann
04/02/2021 16:06:46 2 0
bbc
Unlike some, many people I know have actually saved a fortune. There is nothing wrong in chancellor asking them to spend on British businesses. Circulation of money keeps the economy running.
04/02/2021 16:04:15 0 0
bbc
Perhaps you should try squirreling some of that cash away Mr Squirrel
04/02/2021 16:16:35 1 0
bbc
All the money saved has gone on wine
04/02/2021 16:49:39 0 0
bbc
and your point is ?
60
04/02/2021 13:09:37 3 9
bbc
This seems like a fluff piece. They expected a rise in the last report, but got a fall. So they project a rise for 2021 to bring us back to the level of pre-covid. But with Brexit and growing jobless numbers I expect they got it wrong again, with the stimulus being focused in entirely the wrong areas. The BBC need to stop being biased in favour of the government with how they position news
146
Pip
04/02/2021 13:14:54 1 1
bbc
You feel sorry for the Beeb, damned if they do, damned if they don't.........?
148
04/02/2021 13:14:59 0 1
bbc
I thought this was good news not a party political guess. I want our country to be in a better place in the summer, don’t you????
61
bbc
What a lot of moaners on here ( or should I say remoaners) . Let's just look to the positive as Captain Tom would say. Removed
79
04/02/2021 13:10:56 4 4
bbc
he was positive - his test said so
124
Pip
04/02/2021 13:13:34 0 1
bbc
I'm looking, still can't see any positives............?
43
04/02/2021 13:07:41 4 9
bbc
Sell the gold like Gordon Brown did... although hopefully at more of a price!
62
04/02/2021 13:09:46 0 1
bbc
Is there any left? The silver went years ago....
101
04/02/2021 13:12:21 0 1
bbc
£4.2bn in the vaults
120
04/02/2021 13:13:29 0 1
bbc
The Tory’s sold the channel tunnel
63
04/02/2021 13:09:50 2 22
bbc
Only if our cowardly government stops this "careful" nonsense and open back up based on where we really are rather than data that is 3 weeks old

There is already more blood on their hands and misery caused by their actions than Covid 19 could ever have inflicted on the over 70's even it killed more than 1% of them
108
04/02/2021 13:12:44 0 1
bbc
Strangely James I disagree with everything thing that you have said. Cheer up old chap and start looking forward to a brighter future
23
04/02/2021 13:06:04 9 16
bbc
Project fear is ageing about as well as an egg mayo sarnie.
64
04/02/2021 13:09:53 2 2
bbc
grow up
47
04/02/2021 13:08:10 55 35
bbc
"The Economy" feeds the rich, not those who no longer have jobs
65
04/02/2021 13:10:05 66 84
bbc
The capitalist ideology started when Mrs Thatcher ruined the country in the 80s causing mass unemployment.
110
04/02/2021 13:12:48 12 24
bbc
Yes, mass unemployment is the only policy the Tory’s are successful with.
185
04/02/2021 13:17:26 8 1
bbc
I think it was the Vikings....just grab, grab, grab.
Capitalist ideology .... you mean people getting what they want rather than some boorish bureaucrat (who thinks he's smarter) deciding for you?

The BBC is truly home to those who thinks the world owes them a living ......
Removed
257
04/02/2021 13:22:02 25 14
bbc
Scargill and his thugs wanted to ruin the economy and bring down an elected government, like they did with Heath in the 1970s. Thatcher saved this country from ruin.
You couldn't be more wrong.
ohhhhhhhhhhhhhh, a perfectly balanced comment...you must have a chip on both shoulders. Removed
292
04/02/2021 13:24:02 16 3
bbc
Yeah because Callaghan was doing a sterling job in 79 ????
359
04/02/2021 13:28:35 16 5
bbc
Surely Thatcher was a byproduct of the Unions and Labour ruining the country in the 70s and it was Thatcher who defeated the Unions and brought prosperity to the country.
418
04/02/2021 13:32:38 1 1
bbc
Do any if the "isms" work?

Suggest petitioning Governments and Nations Globally to do something radically now to move to something which will be better. Will work.
498
04/02/2021 13:37:18 4 3
bbc
E-

See me after class.
506
04/02/2021 13:38:04 2 5
bbc
Together with any semblance of community or of a compassionate society.
883
04/02/2021 14:05:11 3 2
bbc
You don't recall the three day week, national strikes, rubbish on the streets, hyper inflation, collective bargaining?
04/02/2021 15:32:05 0 0
bbc
Through my end of the lens she actually saved the country but putting the unions back in their place. Didn't like the woman but she was there at the right time.
04/02/2021 15:34:55 0 0
bbc
That's what happens when you go green and close Coal Mines, and target gas guzzling BL cars. ;-)
04/02/2021 15:55:01 0 0
bbc
Capitalism only works if you don't meddle with the "free" market. Propping up asset prices with interventionist policy on interest rates creates unsustainable bubbles fuelled by debt. If left to the free market, new money (savers waiting for a drop in asset prices) would have flowed in instead of more debt. What we've ended up with is a system of socialism for capitalists.
7
04/02/2021 13:02:43 30 42
bbc
People forget the irrevocable damage Brexit is doing to the economy. We may recover from Covid but the damage of Brexit is much longer term!
66
Bob
04/02/2021 13:10:08 5 7
bbc
Except now we'll never know. The pandemic has granted the government a silver platter on which to blame any negative economic impact Brexit may have provided.
750
04/02/2021 13:55:00 0 2
bbc
Fishermen?
Unable to get goods from abroad, or at massive cost rises in tax and transport?

Plenty of things we can blame on brexit; even Johnson would havd a hard time wigh those. and many others.
11
04/02/2021 13:03:30 45 22
bbc
How on earth can the BofE predict this? Housing market is about to fall off a cliff, unemployment is soaring & we get a report with loads of ifs, but & maybes.
Not helpful
67
04/02/2021 13:10:09 2 5
bbc
Not to mention, the government has now proven it is willing to shut down the economy at the drop of a hat whenever a virus or other illness comes along. I wonder how many people thinking of starting up on their own are now reconsidering, knowing that the gov can and will use its power to force them to stop trading at will. The precedent has been set now.
68
04/02/2021 13:10:15 9 24
bbc
Then the enemy will have to face up to the damage the theft of our EU citizenship has done to the country
90
04/02/2021 13:11:42 2 3
bbc
Move!
184
04/02/2021 13:17:15 0 2
bbc
'Theft'? A democratic vote is 'theft'?? You Remoaners need to learn the meaning of the concept of democracy and learn to work with it, instead of wailing non-stop in the background
It is a tricky balance. In another HYS people (consumers) are being criticised for going on holidays and socialising etc. But it is only consumers that grow an economy. There will be growth, but I doubt we will be anywhere near back to pre-Covid rate for several quarters.
69
04/02/2021 13:10:18 5 2
bbc
Agree. Those who lost jobs will need to find new ones first before they could even think of disposable income spending.
192
Pip
04/02/2021 13:18:01 1 1
bbc
Have no fear, the Government will be looking at ways to dispose of your income, well before you do..........?
70
04/02/2021 13:10:19 6 10
bbc
Still won't bring back the 100000+ though.
128
04/02/2021 13:13:49 3 1
bbc
Perhaps the Chinese will pay compensation.
71
04/02/2021 13:10:26 5 4
bbc
ah, well that's good, isn't it.

we are in control. they are in control. it's all in control.

yeah
72
04/02/2021 13:10:31 16 3
bbc
Hurrah savings rates will go back up again then ...or am I being a tad optimistic
151
04/02/2021 13:15:15 6 2
bbc
Dream on
21
04/02/2021 13:05:56 17 15
bbc
The sort of people who say the Bank of England is always wrong are also the sort of people who will say it's because our vaccine programme is better than the EU's. Here they come.
73
04/02/2021 13:10:37 5 3
bbc
and the bbc is evil
331
04/02/2021 13:26:56 1 1
bbc
The BBC is not evil, but it is not impartial either.
36
04/02/2021 13:07:11 24 23
bbc
Surprised there’s no “Despite Brexit” in this article.
74
04/02/2021 13:10:37 19 17
bbc
It might be because it dawned on them it was Because of Brexit that we will escape so soon.
227
04/02/2021 13:19:47 5 5
bbc
Nope, not the reason. The vaccine was approved using EU process and even as part of the EU procurement process, we wouldn't have been obliged to participate, which is what we did. So no, not because of brexit, not at all but nice try though. Sorry that the truth doesn't fit your narrative.
75
04/02/2021 13:10:39 3 7
bbc
Pie in the sky.
76
04/02/2021 13:10:39 3 6
bbc
Crystal ball gazing again...............
33
04/02/2021 13:06:48 30 30
bbc
Great news, thanks to Boris and the vaccine foresight! We'll done UK despite EU efforts to thwart us again!
77
04/02/2021 13:10:43 4 4
bbc
Clearly you haven't been paying attention.
78
04/02/2021 13:10:48 5 4
bbc
Well rumours are England will becoming out of lockdown as one nation no separate tiers by area. The tiers are to be used for what level we come out nationwide & it might be Tier 3 not Tier 4 nationwide meaning non essential retail not just schools will reopen on 8th March. Tier 2 nationwide by early April Tier 1 by late April is plan.
Hence the sense of optimism.
102
04/02/2021 13:12:29 3 2
bbc
If true brilliant news
145
04/02/2021 13:14:51 0 1
bbc
Tier 3 as you call it sounds very possible by March 8, I'd be very surprised if we dropped lower than Tier 2 until herd immunity is reached with the vaccine which wouldn't be until the late summer though.
324
04/02/2021 13:26:21 0 1
bbc
I hope the BOE are correct as we are going to need a big bounce after this disaster. The signs are good and thanks to the good work in rolling out the vaccines we are powering our way out of lockdown and will be able to remove most restrictions by early Summer. We are a service based economy and very much rely on hospitality including tourism so we need to get people back to the office and city's.
What a lot of moaners on here ( or should I say remoaners) . Let's just look to the positive as Captain Tom would say. Removed
79
04/02/2021 13:10:56 4 4
bbc
he was positive - his test said so
154
04/02/2021 13:15:19 0 1
bbc
lol
8
04/02/2021 13:03:12 201 59
bbc
How are the public going to start spending with unemployment rising and private sector debt already at 220% of GDP and more than double public sector debt? The affluent could spend but don't. They just help to increase asset prices like shares and property.
80
04/02/2021 13:11:00 5 2
bbc
Also, the inevitable tax rises means less money to spend for everyone.
81
04/02/2021 13:11:00 3 8
bbc
Optimism is fine, but we don't know the impact of the vaccine programme yet. No one has even had a second dose yet. We don't know if the delay of 9 weeks in giving the second dose of the Pfizer vaccine will cause a problem.
99
04/02/2021 13:12:11 0 1
bbc
I think people have had second doeses.
125
04/02/2021 13:13:46 0 1
bbc
Approx 1 million have had the second dose.
212
04/02/2021 13:19:20 1 1
bbc
I know of two cases of 20 weeks, not 12, for 2nd jab for reasons we cannot fathom (2nd appointments booked in June and July!)

The 12wk Pfizer delay appears to be based on misinterpreting the Pfizer data (1st jab has an average of about 55% effectiveness, but decision seems to be based on 93%, which is where statistical outliers are)

Moderna and AstraZenica delay is within the science
523
04/02/2021 13:39:08 0 1
bbc
Over 469,634 second doses to date :-

https://coronavirus.data.gov.uk/details/vaccinations
82
04/02/2021 13:11:01 331 30
bbc
The truth is nobody knows, but a bit of positivity amongst all the doom and gloom is welcome.
under the leadership of Boris (saviour of Christmas) Johnson the uk has

Suffered the highest number of deaths of any EU nation

Has suffered the 2nd highest number of deaths per 100,000 population (only little Belgium is worse)

Has the worst performing economy of any major nation worldwide
654
rog
04/02/2021 13:49:15 8 8
bbc
Hear hear.totally agree
04/02/2021 17:30:42 3 1
bbc
Between Covid and Brexit it's pretty hard to be positive.

The former has been badly mishandled, and the second is entirely self inflicted (and also badly mishandled).

I will say though, the govt does seem to be doing a fine job with vaccinations. Finally, they appear to be getting something right. So just maybe, there's something to be positive about.
04/02/2021 17:38:21 2 1
bbc
Mmmm!
Johnson is always positive, and see where that has got us.
Prefer reality myself.
15
04/02/2021 13:04:30 32 19
bbc
Brexit, Brexit, Brexit. Give it a rest.
83
04/02/2021 13:11:10 5 7
bbc
Tell that to the businesses which are headed for bankruptcy thanks to the stupidity of Brexit. Livelihoods ruined and for what? Some narrow minded nationalism based on lies. No wonder a very large majority would now vote to remain.
189
hew
04/02/2021 13:17:56 3 2
bbc
You know that do you?
56
04/02/2021 13:09:06 22 21
bbc
I am astonished that a reasonable, and optimistic UK economic analysis has been published on the BBC. Someone will have lost their job. As the development of vaccines and treatments has illustrated, our industry is full of very clever, flexible and resourceful people. Add to that our own currency and the BoE’s role and we will be fine, now we have cracked the vaccines. Bounceback Britain!
84
04/02/2021 13:11:16 8 11
bbc
Dream on
12
04/02/2021 13:03:47 14 11
bbc
I suspect that there are a lot of people who are sat on a lot of disposable income, it could be a booming summer for the economy.
85
04/02/2021 13:11:28 1 1
bbc
sitting not sat
35
04/02/2021 13:07:09 14 5
bbc
Amen to that. I have accrued a giant beer garden fund.
86
04/02/2021 13:11:31 3 1
bbc
I've always wanted a giant beer garden, you lucky bar steward.
87
04/02/2021 13:11:36 634 103
bbc
Let's not be negative - the vaccine is a triumph. Lets move forward together and rebuild
147
04/02/2021 13:14:54 564 935
bbc
50k uneccessary deaths and massive damage to the economy is not - lets remove the clown & current cabinet and get competennt people in, then UK can move forward.
166
04/02/2021 13:16:07 62 71
bbc
Move forward together - in your dreams. This country is forever divided.
186
04/02/2021 13:17:37 46 44
bbc
We won’t know if the vaccine is a triumph until lockdown ends.
209
04/02/2021 13:19:05 7 73
bbc
Really and on what evidence in the wider population would you say suggests that

Israel in on for a 5th mini-wave with 50% vaccinated and deaths have ticked up
333
04/02/2021 13:26:59 8 20
bbc
Yes-"radical" rebuild needed all round and hope perhaps a new regulatory mechanism for the fat [financial] cats to be curtailed.

Yes, great news indeed! Let us hope, as we emerge from the Covid Chaos, people do not have short memories and we CAN and WILL move forward and collectively-the whole world!
386
04/02/2021 13:30:29 5 13
bbc
.....with a new leader
388
04/02/2021 13:30:37 20 6
bbc
The media love to portray all news in the negative, it sells more as it worries and scares people. Our media's activities really do need investigating. Just look at any of the "red-top" press.
511
04/02/2021 13:38:19 0 10
bbc
Nah funny if it was a labour government I bet you would say oh its not gonna happen
04/02/2021 14:27:30 7 2
bbc
We need a lot more comments like that. Come on everyone, things are starting to work well -- BE POSITIVE!
04/02/2021 14:28:29 0 3
bbc
Curious why you are called McFlipFlops.
04/02/2021 14:33:19 1 2
bbc
Potential benefit - not a proven triumph.
49
04/02/2021 13:08:36 14 12
bbc
Paul is a fan of WW2. Don't be like Paul.
Idiot Removed
204
04/02/2021 13:18:52 0 1
bbc
Pots/ kettles
52
04/02/2021 13:08:47 8 12
bbc
People have now been institutionalised by lock downs, they won’t be going out any time soon.
89
hew
04/02/2021 13:11:39 4 2
bbc
People are desperate to get out of their homes and back to normality.
68
04/02/2021 13:10:15 9 24
bbc
Then the enemy will have to face up to the damage the theft of our EU citizenship has done to the country
90
04/02/2021 13:11:42 2 3
bbc
Move!
172
04/02/2021 13:16:28 1 2
bbc
We didn't need to, we were happy enough in an EU country. Why didn't YOU move of you didn't like it? Covid stole a year from our option to move and the simple right to leave this xenophobic prison Island as part of freedom of movement has been taken from us...by you. So your suggestion to just move has been made more difficult or don't you understand that?
57
04/02/2021 13:09:15 18 14
bbc
The vast majority of working age people won't be offered the first dose until the Autumn, so this seems rather illogical. We'll all still be locked inside, unable to travel or spend money on anything which isn't delivered to our doors.
91
04/02/2021 13:11:46 14 3
bbc
You'll be surprised how many of working age have underlying health conditions such as diabetes and hypertension. Once they're done it will be 50+, so I reckon we'll be more than halfway by Summer
5
04/02/2021 13:01:37 7 10
bbc
I agree. I have booked a holiday for September in this country, I'll play my part in any recovery. It is not in my interest to see unemployment.
I'm sure the doomsayers will be along shortly to disagree though.
92
04/02/2021 13:11:47 1 2
bbc
Rather you than me.
93
04/02/2021 13:11:50 2 4
bbc
UBI for all now
134
04/02/2021 13:14:12 0 2
bbc
It is about to be trialled, apparently in a North East borough and presumably a few other places, as they did with Universal Credit, which was doomed to succeed!
12
04/02/2021 13:03:47 14 11
bbc
I suspect that there are a lot of people who are sat on a lot of disposable income, it could be a booming summer for the economy.
94
LG
04/02/2021 13:11:55 2 1
bbc
sitting not sat
321
04/02/2021 13:26:07 0 1
bbc
Thanks LG.
16
04/02/2021 13:04:47 14 8
bbc
I doubt anyone would rather be in the EU right now. Not even the people in the EU :-)
95
04/02/2021 13:12:02 3 6
bbc
Stop lying. Check the polling, support for the EU has never been higher. People have seen the damage Brexit has and will continue to cause and they want no part of it.
200
hew
04/02/2021 13:18:36 4 2
bbc
Don’t think so. People want to move on now.
96
04/02/2021 13:12:03 2 2
bbc
Too many small and medium sized businesses have collapsed. An economic rebound is a dream. Higher taxes is the only certainty in all of this.
52
04/02/2021 13:08:47 8 12
bbc
People have now been institutionalised by lock downs, they won’t be going out any time soon.
97
04/02/2021 13:12:03 1 1
bbc
Hopefully. Bad habits needed to change. Paying a fortune for others to warm up food or pour a drink always was insane behaviour of the grossly overpaid, having no need to regard the ludicrous costs.
222
hew
04/02/2021 13:19:40 1 1
bbc
You mean going out for a meal? Jesus.
98
04/02/2021 13:12:05 7 7
bbc
Interesting that people on this HYS are still whittling about Brexit 'damage'. How would the economy forecast look if we had signed up for the EU vaccination debacle. Or joined the Euro. Get over it; yesterday's news.
167
04/02/2021 13:16:08 4 5
bbc
75% of our medicines are imported, mainly from the EU. That’s why we need the EMA
81
04/02/2021 13:11:00 3 8
bbc
Optimism is fine, but we don't know the impact of the vaccine programme yet. No one has even had a second dose yet. We don't know if the delay of 9 weeks in giving the second dose of the Pfizer vaccine will cause a problem.
99
04/02/2021 13:12:11 0 1
bbc
I think people have had second doeses.
220
04/02/2021 13:19:37 0 1
bbc
You think or you know?
27
04/02/2021 13:06:17 9 4
bbc
One the one hand we have an adviser to the WHO saying that in order to open up education, that measure including mask wearing, social distancing will need to stay in place for a long time. Then on the other hand being told the economy will open up and bounce back... this is like a roller coaster!
100
04/02/2021 13:12:15 5 3
bbc
Not really: roller coasters have to be planned whereas this is just more of the usual "throw something at the wall and see what sticks".