EconomyUK young people bear brunt of ‘low-gear economy’, Bank of England deputy warns
Bank of England deputy governor Clare Lombardelli said the Iran war has driven up energy prices and clouded the economic outlook, prompting employers to delay hiring. Young people are bearing the brunt as youth unemployment rises. She said another interest-rate increase in December was possible, depending on the conflict, energy prices and wider economic data.
TThe Guardian★★★☆☆2026-11-10 06:00Original
UK young people bear brunt of ‘low-gear economy’, Bank of England deputy warns
Economy