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The bank revised up its growth estimates following the rapid rollout of the UK’s vaccination programme.
With over 34 million Brits having now received at least one injection against the virus, the UK remains on track to lift most pandemic restrictions by the end of June.
The Bank of England had previously forecast five percent growth for the UK in 2021.
Britain’s bounce back this year means the forecast for growth in 2022 has been lowered slightly from 7.25 percent to 5.75 percent.
More to follow…
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