uk iconUK

 

 

 

Bank of England policymakers warn of bigger risks for UK economy

Bank of England Deputy Governor Dave Ramsden and another interest-rate setter, Gertjan Vlieghe, warned of risks that Britain’s economy could suffer more damage from the coronavirus crisis than spelt out by the central bank last month.

Bank of England policymakers warn of bigger risks for UK economy
smsfadviser logo

Ramsden told lawmakers on Wednesday that the BoE had estimated the level of Britain’s economic output would permanently be about 1.5 percentage points lower than it would have been without the pandemic.

Read more at Reuters

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox