Coronavirus updates: Bank of England warns premature easing of lockdown could damage economy

The Bank of England has warned the economy could be hit by a premature ending of the coronavirus lockdown.

Governor Andrew Bailey has said a premature ending to the UK-wide lockdown could ‘damage people’s confidence very severely.’

Businesses have argued measures should be eased to allow economic recovery, but health authorities have cautioned against any relaxing before Covid-19 testing resources have been increased.

Mr Bailey told the Daily Mail that Britons should be cautious about easing restrictions.

He told the paper: “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,” he added.

The lockdown could only be lifted after employers were able to ensure staff were safe during their commute and at work, Mr Bailey said.

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