There are signs everywhere of a summer spree across the post-lockdown economy. Estate agents in some parts of the country talk of the most buoyant market in 25 years, with six or seven serious buyers jostling for every home on sale. Forget all that talk of a vaccine bounce; this has all the makings of a vaccine bubble. Ministers did the right thing in introducing furlough and, however reluctantly, in extending it to the end of September. Without measures such as permanently increasing universal credit and other benefits, and pushing up pay for nurses and key workers, this rebound will sputter out fairly soon.

Source: The Guardian May 12, 2021 17:26 UTC