UK economy: Bank warns of biggest decline in century

The latest Bank of England forecast says the British economy is facing its biggest annual decline for 100 years.
And bankers warn it could take more than a year to get back to pre-lockdown levels, provided there is not a second surge of coronavirus infections.
Al Jazeera’s Neave Barker reports from London, UK.

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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.

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In This Story: Lockdown

During the 2020 Covid-19 epidemic, lockdown has come to mean the practice of attempting to control transmission of the virus by means of restricting people’s movement and activities on a broad scale, usually on a national or state-wide basis.

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