Expiry of policy support won’t knock the recovery off course

Extensions to many emergency support measures in the Budget, combined with the lockdown easing roadmap, leaves us with a clearer steer on the impact of the eventual withdrawal of government support. As the economy follows the route out of lockdown, it should ultimately arrive at the largest speed bumps in better health and be much more able to cope with them than under previous intended expiry dates.   UK Outlook Webinar: At 15:00 GMT on 17th March, our UK Economics team will host a special briefing, looking at recovery, reflation and the policy reaction. The team will share their views on how quickly the UK economy will recover, the inflation question, the BOE response, and what financial markets are likely to make of this. Register here.