Duchess of Cornwall is elegant in a pale blue suit and face mask on a visit to the Bank of England HQ with Prince Charles to learn how it’s supporting the economy during Covid-19 The Duchess of Cornwall, 73, visited Headquarters of Bank of England today Camilla was joined by Prince Charles, 71, both of … Read more
Free banking (for those in credit) is not the birth-right of every Briton, but we treasure it as if it were. So can you imagine the fury if it ended? Even more so, if, when it happened, the Government said to the public: sorry, but it’s nothing to do with us. Yet this now seems … Read more
Government could have effectively gone BUST if the Bank of England had not bailed it out at the start of coronavirus crisis, says governor Andrew Bailey Andrew Bailey said government could have gone bust without Bank stepping in UK borrowing soared as the coronavirus crisis took its grip around the world Public debt is now … Read more
Bank of England pumps another £100BILLION into UK economy: Cash-printing measures now hit £745billion in bid to stave off coronavirus economic meltdown The Bank of England believes the UK could face its worst recession in 300 years The UK economy has been significantly impacted during the coronavirus crisis Statistics reveal UK inflation fell to a … Read more
Bank of England’s cash-printing programme ‘could hit £1trillion during coronavirus crisis’ The Bank of England believes the UK could face its worst recession in 300 years The Bank’s money-printing programme could hit £1 trillion during the pandemic The UK economy has been significantly impacted during the coronavirus crisis Statistics reveal UK inflation fell to a … Read more
Bank of England ‘warns City to brace for Brexit trade talks to FAIL’ amid bitter stand-off between UK and the EU with clock running down Bank of England said to have urged City to brace for no deal in UK-EU trade talks Businesses increasingly alarmed at deadlock in the talks between the two sides EU … Read more
A THIRD of UK workforce is being subsidised by the government and job adverts fall by 50% – as Bank of England chief warns coronavirus recovery will be tough Bank of England governor Andrew Bailey has warned on hopes of bounceback New figures show online job adverts have fallen by half between March and May … Read more
Bank of England could turn interest rates NEGATIVE as part of efforts to prop up the economy amid coronavirus crisis, says governor Andrew Bailey Bank of England governor Andrew Bailey has been giving evidence to MPs He said it would be ‘foolish’ to rule out turning the Bank interest rate negative The UK government has … Read more
Government borrowing is set to soar to nearly £300billion this year with the debt mountain growing bigger than the whole economy, new estimates found today. The OBR’s latest ‘scenario’ for the crisis sticks to dire suggestions that the economy will shrink 35 per cent in this quarter – more than predicted by the Bank of England. … Read more
The governor of the Bank of England today issues a stark warning that Britain should be cautious about lifting the coronavirus lockdown too early. In his first interview since taking the top job, Andrew Bailey told the Daily Mail that a premature end to the restrictions could cause a severe loss of confidence and inflict … Read more