Feed excerpt — reported by The Guardian
Exclusive: Iran war has fuelled energy price rise and clouded outlook, driving up unemployment, says Clare LombardelliYoung people in Britain are bearing the brunt of a “low-gear economy” as employers hold back from hiring amid the fallout from the war in the Middle East, a deputy governor of the Bank of England has warned.Clare Lombardelli, the Bank’s deputy governor for monetary policy, said the unfolding conflict, which has triggered a surge in energy prices and clouded the outlook for the economy, was contributing to an increase in youth unemployment. Continue reading…
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