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Britain facing ‘acute challenges’, Andrew Bailey tells economic summit

Bank of England chief tells Jackson Hole event of concern about weak growth and fall in worker numbersBritain faces an “acute challenge” from its weak underlying economic growth and a drop in the number of workers since the pandemic, according to the Bank of England governor, Andrew Bailey.A rise in the number of people defined as long-term sick and a big drop in young people in work – factors that he suggested might be intertwined – added to the squeeze created by an ageing population. Continue reading...


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