Britain will 'spend its way out of crisis' with lockdown savings

Britain’s coronavirus recovery could be better than expected as households spend their pent-up savings having a good time like in “the Roaring Twenties”, experts have said. Official forecasts that the pandemic may cost the UK three years of economic growth may be too gloomy, economists believe. Households have been saving during the crisis and the promise of a vaccine may allow life to return to normal faster than expected.