Reuters reports that Bank of England Chief Economist Andy Haldane said that the coronavirus crisis will leave lasting scars in the form of higher debt and unemployment, missed education and mental health problems, especially for people on the lowest incomes.

"The vaccine announcements of the past few weeks offer hope at the end of the tunnel," Haldane said.

"Nonetheless, even with a vaccine, it's clear this crisis will lead to some lasting scars, particularly on the poorest and the most disadvantaged."

Haldane said about two-thirds of the loss had been recouped so far, and hoped the recovery would prove sharper than after previous recessions, reflecting the speed of the collapse and the recent progress on vaccines.

"I think it's now reasonable and realistic to speak of next year as turning a leaf for us economically," he said.