BoE Deputy Ben Broadbent said in a Telegraph interview published over the weekend that UK would see “very rapid growth at least over the next couple of quarters”. Though, it’s a too son to call it a “roaring twenties” scenario. He added, “the burden of proof it seems to me should be as to why that wouldn’t happen, rather than why it would, so I have tended to be on that more optimistic side.”
He also saw “less of a disinflationary effect”. “The price rises for those hitting capacity limits are going to be bigger than the falls in prices for those seeing falls in demand”, he explained. “When you get the shift in demand, you’re going to run into bottlenecks in some areas, particularly in those areas where supply, too, has been hit for a particular reason”.
