Britain is at risk of 'returning to 80s levels of unemployment'

UK must reabsorb those out of work due to Covid, says Bank of England's chief economist

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The UK is at risk of returning to the high unemployment levels of the 1980s, according to the Bank of England's chief economist.

Andy Haldane said Britain would need to find a way to reabsorb the large numbers of workers who will lose their jobs due to the coronavirus pandemic, as the country faces the prospect of the high unemployment experienced decades ago.