The new governor of the Bank of England has warned against lifting the UK’s coronavirus lockdown restrictions too early.
Andrew Bailey has told the Daily Mail that the economic damage would be even worse if the lockdown were lifted, only to be re-imposed because coronavirus cases spiked again.
Bailey, who replaced Mark Carney last month argues, “I think we have to be careful when thinking about human psychology.
“If we had a lifting and then [lockdown] came back again, I think that would damage people’s confidence very severely.
“If we have a false start… that would have potentially quite difficult effects I think.”
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