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  Sep 11, 2020  
     
 

Good morning,

Gordon Brown has warned that Britain is a facing a “tsunami of unemployment” unless efforts to protect jobs are stepped up.

The former Prime Minister urged the Government to rethink plans and for the Bank of England to put more focus on dealing with unemployment in the wake of the Covid-19 pandemic.

Speaking on BBC Radio 4’s Today programme, the former Labour leader said: “I think that there should now be an operational target that interest rates will not rise and stimulus will continue until employment returns to pre-crisis levels.

“It’s a change. It’s in line with what the Federal Reserve is doing. I think other banks around the world are going to do something similar. And I think the Bank of England, at this point, is, I’m afraid, behind the curve."

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