BoE: U.K. recovery may not decrease unemployment

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Source: Bloomberg
© Scanpix/AP
One of the policy makers in the Bank of England, David Miles, point out that the economic recovery in the country may not influence the unemployment rate positively in the nearest future. Yesterday the data showed the U.K. unemployment dropped to 7.7%, while the goal for BoE is 7%. Nevertheless, the economic growth in the U.K. will continue to strengthen, according to the estimates.
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Thu, 12 Sep 2013 12:26:03 GMT

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Thu, 12 Sep 2013 12:04:04 GMT

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