The Bank of England said on Thursday that Britain’s economy would probably take longer to get back to its pre-pandemic size than it previously thought, even if the scale of the hit this year might not be quite as bad.
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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.