"The UK economy remains on track to complete its reopening by the middle of June.

Deaths due to covid-19 are still falling as the success of the vaccination programme together with a well-managed plan to gradually reopen the economy mean that the country will return to the level of activity and growth it saw before March last year far faster than analysts had believed possible.

Major investment bank Goldman Sachs believes in a report released recently that the UK economy will grow at a very healthy 7.8% this year. That tops their expectation for growth in the U.S. This is higher than a Reuters poll of analysts which averaged 5% and the IMF’s projection which is slightly more bullish at 5.3%.

Despite this optimism there are still fears that the reopening will see the release of pent-up demand that will fade as quickly as it arrived.

Data released last week saw retail sales begin to show significant growth even before the April 12th reopening of non-essential retail.

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