BloombergBOE Foresees Biggest U.K. Spending Boom Since Thatcher Era(Bloomberg) — The Bank of England expects the biggest surge in household spending since 1988 — when Margaret Thatcher was prime minister — to help power a strong economic rebound after the pandemic.Officials, led by Governor Andrew Bailey, said they expect consumers to use up 10% of the savings glut built during lockdowns, double the pace previously forecast. The central bank also sees the U.K.’s economic output recouping losses by the end of this year instead of in early 2022.While the BOE on Thursday opted to slow emergency bond …
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