The Uk will appreciate its strongest yr of progress due to the fact present day documents began in 1948 as the economy surges back to life after a quick vaccine rollout, the manager of Barclays has predicted.
Jes Staley explained he expects the Uk to have a really sturdy recovery together with the US, submitting its major rebound for a long time on the back of a submit-lockdown client paying out spree.
He explained: “Our financial forecast is for the Uk economy to expand by six.5pc this yr, which would be the strongest progress level in the British economy due to the fact 1948.
“You will find tremendous pent-up need, the two with the client and modest corporations, and we see that as a end result of the vaccination programme, which has been an extraordinary results in the Uk.”
It came as Barclays unveiled pre-tax gains of £2.4bn for the