Bank of England governor has warned of rising unemployment ‘risk’ following Budget

Bank of England and Duke of Wellington statue

Source: Shutterstock

The Bank of England governor Andrew Bailey has warned there is a “risk” of unemployment increasing due to the effects of the recent Budget.

Chancellor Rachel Reeves announced there will be increases in employers’ national insurance contributions as well as minimum wage rises in last month’s budget.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now