Andrew Bailey hails vaccine developments, saying success could trigger investment surge
Recent vaccine developments have signalled light at the end of the Covid-19 tunnel and could be the trigger for a post-crisis surge in investment, the governor of the Bank of England has said.
Andrew Bailey hailed the results of clinical trials by Pfizer/BioNTech and Moderna as encouraging and said the prospect of treatments for the virus would remove a key source of uncertainty that had held back capital spending.