July 13, 2020 / 1:29 PM / 23 days ago

BoE's Bailey sees economy improving, but 'very worried' about jobs

FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photograph on the first day of his new role at the Central Bank in London, Britain March 16, 2020. Tolga Akmen/Pool via REUTERS/File Photo

LONDON (Reuters) - Bank of England Governor Andrew Bailey said on Monday he thought that Britain’s economy was starting to recover but had a long way to go, with the outlook for jobs a particular worry.

“We are seeing the economy come back now somewhat, because obviously the restrictions are beginning to be lifted,” Bailey told school pupils during an online talk hosted by Speakers for Schools.

“But there’s a long way to go, we are very worried about jobs, as are a lot of people.”

Reporting by Andy Bruce, editing by David Milliken

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