Bank of England's chief economist admits UK economy is currently 'stronger than ... trends now
Bank of England's chief economist admits UK economy is currently 'stronger than ... trends now
Britain's economy defies the Bank of England's doom-laden forecast as chief admits the country's economy is currently 'stronger than anticipated' Bank of England analyst says the UK economy is doing better than expected Huw Pill said private sector pay growth has leaned ‘slightly to the upside’
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The chief economist at the Bank of England has admitted the economy is in a better position than previously thought, defying doom-laden predictions.
Huw Pill said recent surveys suggest ‘the current momentum in economic activity may be slightly stronger than anticipated’. And in a surprise to economists, private sector pay growth had leaned ‘slightly to the upside’, Mr Pill told business leaders in Wales yesterday.
A gloomy forecast from the Bank of England last month warned that Britain would see a shallow but long recession of more than a year.
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