Bank of England warns of 'large and sharp' UK downturn

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Bank of England warns of 'large and sharp' UK downturn

FILE - In this file photo dated Monday March 16, 2020, The Bank of England Governor Andrew Bailey poses for a photograph at the central bank in London. The Bank of England slashed its key interest rate to 0.1%, on Thursday March 19, 2020, its lowest-ever level, amid global economic turmoil sparked by the coronavirus pandemic. For some people the COVID-19 coronavirus causes mild or moderate symptoms, but for some it causes severe illness.(Tolga Akmen/AP, FILE)

Bank of England warns of 'large and sharp' UK downturn

FILE - In this file photo dated Monday March 16, 2020, The Bank of England Governor Andrew Bailey poses for a photograph at the central bank in London. The Bank of England slashed its key interest rate to 0.1%, on Thursday March 19, 2020, its lowest-ever level, amid global economic turmoil sparked by the coronavirus pandemic. For some people the COVID-19 coronavirus causes mild or moderate symptoms, but for some it causes severe illness.(Tolga Akmen/AP, FILE)
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