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The Bank of England says the UK economy is recovering from the Covid recession faster than expected as vaccine rollouts continue
- The central bank, led by Governor Andrew Bailey, is expected to raise its growth forecasts for the UK when it releases its latest monetary policy report
- When it was last updated in February, the bank saw production grow 5 percent this year after plummeting 9.8 percent in 2020
- As another sign of the UK’s recovery, the Institute of Economic Affairs believes that no “immediate action” is required to help pay off the £ 2 trillion national debt
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