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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
Experts predict Bank of England will ramp up its money-printing programme to almost £1trillion over the next year By Lucy White For The Daily Mail Published: 22:15 BST, 4 June 2020 | Updated: 22:15 BST, 4 June 2020 Making plans: Bank of England boss Andrew Bailey The Bank of England looks likely to ramp up … Read more
Britain is borrowing again. Big time. Remember the old joke about the American general giving evidence to a congressional committee about spending on armaments? ‘You spend a million here… a million there… pretty soon you’re talking real money.’ It was funny then because a million really was a lot of money (I said it was … Read more
We are used to thinking of the Tories as the party of small government, of lower and less complicated taxes. But this, the first Budget of Boris Johnson’s administration, tells a very different story. And for all the panache of Chancellor Rishi Sunak’s performance yesterday, there are some big numbers on both sides of the … Read more
Boris Johnson will spend more than Tony Blair if Chancellor Rishi Sunak’s Budget pushes figure above £1trillion, analysis shows Boris Johnson will splurge more than Tony Blair did during his decade in power Government expenditure set to rise to 40 per cent of gross domestic product Increase would lift annual expenditure above £1trillion within four … Read more