The Bank of England is growing increasingly worried that British job losses will turn out worse than expected and threaten the recovery from the coronavirus pandemic. Policy makers showed their concern on Thursday as they added another 100 billion pounds ($124 billion) to their bond-buying program, warning that there is a risk of “higher and more persistent unemployment” with repercussions for economic growth and inflation. The government has taken unprecedented steps to protect jobs by paying most of the wages of workers while businesses are shuttered. Yet that can’t save employees if companies close down ... (full story)