Chancellor Rishi Sunak has said the UK’s rapid Covid-19 vaccine rollout will foster a “swifter and more sustained” economic recovery.
Official forecasts predict the UK economy will grow 4% this year, and get back to its pre-pandemic size six months sooner than previously expected.
An extension of the furlough scheme is also expected to limit job losses.
However, Mr Sunak warned that repairing the long-term damage to the economy “will take time”.
The government’s independent forecaster, the Office for Budget Responsibility (OBR), expects the pace of growth to strengthen to 7.3% in 2022.
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