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Bank's Tucker Says Economy Improved In Recent Months

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Parts of Europe are experiencing difficulties but Britain's economy looks in better shape now than it was a few months ago Bank of England Deputy Governor Paul Tucker said on Wednesday.

"The world is still a hazardous place and there are obviously difficulties around Europe. But I think the UK is in a better position now than perhaps it was a few months ago," Tucker told BBC Radio Oxford.

Tucker said action to reduce Britain's budget deficit had also taken away some risks.

"The action that has been taken to put the UK public finances on a better footing over the next few years provides some insulation for our economy," he said.


If someone has reduced public and private sector debt I would feel that we are in a far better position but whilst we are still over leveraged it's hard to see how our position is better.

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  • 440 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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