The UK economy will enjoy its strongest growth in peacetime this year as Covid-19 lockdown restrictions are lifted, according to the Bank of England, APA reports citing BBC.
The economy is expected to expand 7.25% in 2021, with extra government cash for workers and businesses helping to limit job losses.
This would be the strongest growth since official records began in 1949.
Bank policymakers also held interest rates at a record low of 0.1%.
The Bank expects the recovery to gather pace as shops and restaurants reopen.