The Bank of England has warned that the economy is as soon as more timid sharply and is not very always going to rep back up to its pre-Covid level unless the initiate of 2022.
It’s making ready to pump an additional £150 billion into the UK economy to melt the impression of additional lockdowns.
The Bank’s Governor Andrew Bailey also warned that Brexit would harm financial boom within the foremost six months of 2021 – even when there’s a replace take care of the European Union. He said many companies hit by Covid are no longer prepared for model new border tests.
Sophie Raworth items BBC Files at Ten reporting by economics correspondent Andy Verity and commercial editor Simon Jack.
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