Young people in UK hit by ‘low-gear economy’, warns Bank of England deputy
· theguardian.com · popularity 29/100 · 0 similar stories today · Economy & Markets (Money, Markets & Investing)
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Summary
Exclusive: Iran war has fuelled energy price rise and clouded outlook, driving up unemployment, says Clare Lombardelli Young people in Britain are bearing the brunt of a “low-gear economy” as employers hold back from hiring amid the fallout from the war in the Middle East, a deputy governor of the Bank of England has warned. Clare Lombardelli, the Bank’s deputy governor for monetary policy, said the unfolding conflict, which has triggered a surge in energy prices and clouded the outlook for the economy, was contributing to an increase in youth unemployment. Continue reading...
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