Bank of England's Clare Lombardelli gestures while speaking at a press conference
Bank of England deputy governor Clare Lombardelli said the UK’s employers were holding on to staff and freezing new recruitment. Photograph: PA Images/Alamy
Bank of England deputy governor Clare Lombardelli said the UK’s employers were holding on to staff and freezing new recruitment. Photograph: PA Images/Alamy
Young people in UK hit by ‘low-gear economy’, warns Bank of England deputy

Exclusive: Iran war has fuelled energy price rise and clouded outlook, driving up unemployment, says Clare Lombardelli