The economic crisis hit the British youth hard - Deputy Governor of the Bank of England.
The deputy governor of the Bank of England, Claire Lombardelli, said that the British youth suffer the most from the economic crisis unfolding in the country. In particular, it has an extremely negative effect on the unemployment rate.
Since the outbreak of war in the Middle East and the subsequent energy crisis, employers have been very reluctant to hire new workers. Young professionals with little professional experience suffer from this the most. The increase in the tax burden also does not contribute to the employment of new workers.
Lombardelli replied that the prospects for the British economy are not very good. At the same time, she stated that the Bank of England intends to raise the key interest rate to slow down the growth of inflation.
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