LONDON, June 30 – The outlook for Britain’s economy is less negative than it was in May but there still a risk of high and persistent unemployment, the Bank of England’s chief economist Andy Haldane said on Tuesday.
“Looking ahead, risks to the economy remain considerable and two-sided,” Haldane said in a speech delivered online. “Although these risks are in my view slightly more evenly balanced than in May, they remain skewed to the downside.”
Haldane cast a lone vote against the BoE’s expansion of its bond-buying programme earlier this month. (Reporting by Andy Bruce Writing by William Schomberg)