Manchester: According to the reports of Baaghi TV, the Bank of England has reportedly published a quarterly monetary report which fears that one million people could be out of work in a few months.
According to a report by the Bank of England, one million people are expected to be unemployed in the UK in a few months, with unemployment expected to rise from 3.9 per cent to 7.4 per cent.
According to the report, GDP is expected to fall by 9.5% this year, with the UK not experiencing as much unemployment and shrinking economy as it has in decades.
“This is the biggest recession in the British economy in three hundred years. This year’s GDP will be 20 per cent lower than last year.”
The Bank of England has cut interest rates to 0.1 per cent due to the coronavirus crisis.
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