Talk of a post-Covid spending spree shows Bank of England is out of touch

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The governor and chief economist say they expect a consumer boom this year, but others disagree. And the Bank has a record of being too optimistic

, saying that lingering fears about new coronavirus variants could deter people from making major spending decisions.

 

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WhatsEuroPinion 🤣🤣🤣my had saved £££ are going to go towards making my life better and that doesn't mean squandering it on tat. ... nonewdebt

Most of us haven't got money to spend.

The only people out of touch are the bedwetters at the guardian who will keep hiding behind the sofa peddling their doom and gloom, when everyone else is out and about enjoying their freedom.

City centres were never busy last summer, even after restrictions were loosened. It will take time for many individuals to face crowds again.

I think they are just talking it up.

...or imagining those ‘sunlit uplands’?

millions have lost jobs, or are getting reduced terms on fireandrehire. people are overworked and underpaid, living pay check to pay check unable to keep up with the cost of living. there is no such thing as trickle down economics

Bank of England spot on

The MPC dons are old and rich don’t know jack

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