Friday 26th March 2021

The Bank of England’s chief economist Andy Haldane famously said the UK economy will bounce back this year, like a coiled spring. There could be two reasons why he is wrong. First, vaccine nationalism continues, with the EU’s Ursula von der Leyen reiterating that Europe needs to play catch-up before exporting vaccines to the UK. Secondly, the expectation is that Britons will dip into their savings, which have increased during the lockdowns, to splash out once the shops reopen. But But finance expert Rachel Springall, from moneyfacts.co.uk, highlights some research that many of us have shifted behaviour and are much more likely to hang on to our savings. She joins Phil on the podcast this morning.

Also, a British company you probably haven’t heard of listed on the NASDAQ yesterday, with anet worth of $13 billion. Arrival makes electric vans and electric buses – or they will. They’ve reached that valuation without actually selling anything. Meanwhile Ed Miliband is challenging Boris Johnson to come up with a strategy for the adoption of electric cars, even though he doesn’t have one himself.

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