BoE deputy warns Middle East war fuels UK youth unemployment in low-gear economy

Bank of England Deputy Governor Clare Lombardelli warns that the Middle East conflict has driven up energy prices and clouded the UK economic outlook, leading employers to hold back hiring and pushing youth unemployment higher. This marks an official acknowledgment of a war-driven economic slowdown, though the magnitude of the impact remains uncertain. The warning signals potential headwinds for UK growth and may influence monetary policy expectations.

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