Andrew Bailey warns UK economy could be hit harder than first expected

'Scarring' from coronavirus crisis expected

Anna Fedorova
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Andrew Bailey
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Andrew Bailey

Andrew Bailey, the governor of the Bank of England, has warned the UK economy could suffer worse “scarring” from the coronavirus crisis than originally predicted in August.

Speaking in front of the Treasury Committee, the governor said the outlook for the UK is facing a "record level" of uncertainty, rendering any forecasts made for the recovery unreliable. One of ...

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