Bailey warns scourge of long-term unemployment threatens workers

Andrew Bailey has said that swathes of workers could be condemned to long-term unemployment after figures showed that coronavirus restrictions have triggered a surge in job losses. The Bank of England Governor warned that Britain's economy is going through a profound change as short-term fixes to stop the coronavirus threaten to become permanent, snuffing out businesses and destroying jobs. He was speaking after unemployment hit its highest level for more than three years as the impact of the Co