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BOE Fears Mount That U.K. Faces Jobless Recovery From Crisis

  • U.K. furlough scheme will be gradually tapered from August
  • Companies may cut jobs if economy hasn’t recovered enough
Bank Of England Boxed In By Brexit Ahead Of Rates Decision
Photographer: Jason Alden/Bloomberg
Updated on

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The Bank of England is growing increasingly worried that British job losses will turn out worse than expected and threaten the recovery from the coronavirus pandemic.