Haldane says that even with the vaccine, the crisis will leave some lasting scars

The UK economy has probably recovered around two thirds of the pandemic lossesAndy Haldane, chief economist at the Bank of England, said on Monday, Reuters reports.

Additional comments:

“The burden of COVID hardship has fallen disproportionately among the youngest, least skilled, and lowest paid workers“.

“There is a risk that anxiety will lead to a cycle of pessimism“.

Vaccines offer hope“.

“Even with the vaccine, it is clear that the crisis will leave some lasting scars“.

“COVID will leave scars in the form of debt, unemployment, education and mental health.”

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