Report

COVID in UK – Unemployment has risen markedly says the Bank of England

The Bank has published its quarterly Monetary Policy Report alongside an interim Financial Stability Report. Together, they provide a scenario for the path of the UK economy in the light of Covid-19 and assess the financial system’s resilience to that scenario.

The spread of Covid‐19 and the measures to contain it are having a significant impact on the United Kingdom and many countries around the world. Activity has fallen sharply since the beginning of the year and unemployment has risen markedly.

Chosen excerpts by Job Market Monitor. Read the whole story @ Monetary Policy Report and Interim Financial Stability Report – May 2020 | Bank of England

 

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