MARKETS LIVE: Bank of England warns Britain faces worst recession on record as rates are held at 0.1%; 02 and Virgin announce mega merger plans UK interest rates kept on hold at 0.1% by the BoE first thing this morning Covid-19 crisis means Britain on track for worst recession on record It is possible that … Read more
Bank of England warns coronavirus crisis will see GDP slump nearly 30 PER CENT in the first half of this year and push the economy to worst recession for 300 YEARS By James Tapsfield, Political Editor For Mailonline Published: 07:33 BST, 7 May 2020 | Updated: 07:49 BST, 7 May 2020 UK GDP will slump … Read more
Britons are set for a scorching May bank holiday with temperatures rocketing to 77F (25C) on VE Day as a plume of hot air from the southern Mediterranean wafts across the nation. Today will see the mercury hitting up to 66F (19C) as warmth builds throughout the week, according to the Met Office. Conditions will … Read more
Get ready to queue: A massive 16.5m vehicles will be hitting the road over the bank holiday weekend, transport analysts have predicted Transport data experts have calculated that 16.5 million motors will hit the road over the next few days as Britons pack up their vehicles to enjoy the bank holiday sun away from home. … Read more
He has been isolating alone at home in London during the coronavirus lockdown and hasn’t been able to see his son, Bear, three, who is with mum Cheryl. But Liam Payne stepped out to volunteer at a food bank in London’s Euston in a bid to help those struggling to feed themselves during lockdown. The … Read more
On Friday, she abandoned plans to seek a government bailout to furlough 30 members of staff at her fashion brand following a major backlash. And now Victoria Beckham, 46, and her husband David, 45, risk fresh money fury as a report which alleges they took out a £10 MILLION bank loan to buy their £18 … Read more
Lloyds Bank comes under fire for its ‘disappointing’ efforts to help small businesses through coronavirus crisis By Lucy White For The Daily Mail Published: 22:15 BST, 27 April 2020 | Updated: 22:15 BST, 27 April 2020 Lloyds Bank has come under fire for its ‘disappointing’ efforts to help small businesses through the coronavirus crisis. Though … Read more
Will Sainsbury’s bail out its own bank? Analysts warn bank is likely to lose money Sainsbury’s could be forced to ‘inject capital’ into Sainsbury’s Bank But supermarket is set to announce strong sales figures for the past two months By Ben Harrington For The Mail On Sunday Published: 22:21 BST, 25 April 2020 | Updated: … Read more
Bank of England probes how long banks can survive the lockdown as UK’s biggest lenders set aside £3.4bn to cover defaults on loans The results of the tests are expected to inform the Government’s strategy BoE said it will report on the health of the financial system in early May A separate investigation into the … Read more
The cost of living is likely to keep easing up as Britain’s economy falters, according to economists tracking the financial toll of the coronavirus pandemic. Inflation could fall to 0.5 per cent over the summer, Howard Archer, chief economist at the EY Item Club, claims. This is well below the Government’s 2 per cent target. … Read more