Bank of England's Bailey sees risk of 'longer and harder' recovery

LONDON (Reuters) - Britain's economy is at risk of taking longer to recover from the impact of the coronavirus than in the main scenario published by the Bank of England earlier this month, Governor Andrew Bailey said on Wednesday."The risks are undoubtedly on the downside for a longer and harder recovery," Bailey wrote in an opinion piece for The Guardian newspaper."It is also possible that the pace at which activity recovers will be limited by continued caution among households and businesses..