Barclays boss: 'Biggest economic boom since 1948'
The UK is about to experience its biggest economic boom since the aftermath of World War Two, according to Barclays boss Jes Staley.
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His upbeat assessment came as Barclays revealed its profits for the first three months of this year had more than doubled from a year earlier to £2.4bn.
"We estimate the UK economy will grow at its fastest rate since 1948. That's pretty spectacular," he said.
The vaccine programme and built-up savings will help to drive the rebound.
Mr Staley said that a combination of the successful vaccine rollout and Barclays' estimate of an extra £200bn sitting in customer and company bank accounts meant the UK would join the US in seeing some of the fastest economic growth in decades.