RTRS: UK economic recovery to continue -BoE's Dale
Nov 30 (Reuters) - Britain's economic recovery looks set to continue despite tax rises and public spending cuts next year, Bank of England chief economist Spencer Dale was quoted as saying in a regional newspaper on Tuesday.
In a interview with the Northamptonshire Evening Telegraph, given earlier this month, Dale also said inflation would remain above target for some time.
"We have seen four quarters of growth and I expect the recovery to continue," Dale said.
"Inflation is above target at the moment and I think it will be above target for the next year or so, in part pushed up by the rise in VAT."
Dale said firms he had met in the region suggested things were "looking better" compared with last year but there was still a long way to go until order books were back up to normal.
Exporters, he said, were still benefiting from the weakness of the pound, but construction firms were facing a more uncertain outlook.
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