Bank of England's Bailey sees signs of UK economy upturn

21/02/2024

FILE PHOTO: Bank of England Governor Andrew Bailey attends the central bank’s Monetary Policy Report press conference at the Bank of England, in London, Britain, on February 1, 2024. JUSTIN TALLIS/Pool via REUTERS/File Photo

LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Tuesday that the central bank saw clear signs of an upturn in Britain’s economy.

“We think the economy is already actually showing distinct signs of an upturn,” Bailey told lawmakers from parliament’s Treasury Committee.

He said there had been little coverage of the fact that there was full employment in Britain which contrasted with headlines about a recession.

(Reporting by David Milliken, Suban Abdulla; writing by Andy Bruce; editing by William Schomberg)

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