Bank of England's chief financial expert alerts of increased inequality in the UK following the coronavirus
The effect of the Covid crisis could mean we see the opposite of “levelling up” for those parts of the economy that have actually lagged behind for decades. That’s the warning from the primary economic expert of the Bank of England.
Speaking specifically to this program, Andy Haldane said it was now an “absolute need” to deal with inequalities in society– most of which he believes will be worsened by the decline. Mr Haldane believes yesterday’s news of a vaccine could prove “transformational”.
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