Bank of England says unemployment has peaked but warns of a squeeze on living standards | ITV News

ITV News published this video item, entitled “Bank of England says unemployment has peaked but warns of a squeeze on living standards | ITV News” – below is their description.

There’s no question that predicting what the economy is going to do next, as the UK emerges from Covid restrictions is pretty tricky.

Three months ago, the Bank of England predicted inflation would rise to 2.5%.

Today the bank revised that figure upwards. To a rather chunkier – and worrying – 4%.

ITV News YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - ITV News

ITV News is the branding of news programmes on the British television network ITV. Independent Television News (ITN) was founded to provide news bulletins for the network in 1955, and has since continued to produce all news programmes on ITV.

ITV Books & Apps #Ad

Recent from ITV News:

Sexual health services are at ‘breaking point’ #itvnews 1

Sexual health services are at ‘breaking point’ #itvnews

Tata Steel confirms plans to close furnaces at Port Talbot | ITV News

Duke of Sussex withdraws High Court libel claim against Mail on Sunday publisher | ITV News

In This Story: Bank of England

The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

4 Recent Items: Bank of England

Will the Bank of England Cut Rates in 2024?

Will the Bank of England Cut Rates in 2024?

Halligan BLASTS Bank of England and predicts FALL in interest rates

Bank of England’s Andrew Bailey answers questions on financial stability report – watch live

In This Story: COVID-19

Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

Symptoms of coronavirus

The main symptoms of coronavirus are:

  • a persistent new cough (non productive, dry)
  • a high temperature (e.g. head feels warm to the touch)
  • shortness of breath (if this is abnormal for the individual, or increased)

Latest News about Covid-19

Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

5 Recent Items: COVID-19

Global National: Jan. 19, 2024 | Health data shows influenza, COVID-19 cases decreasing in Canada

Stock market today: Dow, S&P 500 hit record highs as tech stocks soar | January 19, 2024

Stock market today: Stocks climb with techs ready to roar | January 19, 2023

Dr Anthony Fauci ‘became part of the problem’ when it came to the spread of Covid misinformation

WEF summit: Canada warns of future supply shocks amid global instability

In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

5 Recent Items: Inflation

Red Sea tension upsets Yemeni fishermen’s livelihood

Impact inflation, living costs have on birth rates and Canadians on parental leave

Davos 2024: Biggest Takeaways From the World Economic Forum

Fed rate cuts: Labor data will make ‘last mile less difficult’: Economist

Trump Back in White House? Lagarde Says ‘Let Me Have Some Coffee’

In This Story: ITV

ITV (LSE: ITV) is a broadcasting company which was formed from a merger of Granada plc and Carlton Communications in 2004. It holds Channel 3 broadcasting licences in England, Wales, Southern Scotland and the Isle of Man.

2 Recent Items: ITV

Sexual health services are at ‘breaking point’ #itvnews

Tata Steel confirms plans to close furnaces at Port Talbot | ITV News

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.