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The UK looks set to avoid a double-dip recession after it was announced today that the economy stayed in positive territory in the final quarter of 2020. GDP grew by 1 per cent in the fourth quarter, better than some experts had expected. There have been fears that another recession is looming, after the historic … Read more
Britain’s economy will bounce back like a ‘coiled spring’ once liberated from lockdown, a Bank of England boss says today. In an exclusive article for the Daily Mail, chief economist Andy Haldane insists the public are ‘desperate to get their lives back’. He believes a ‘decisive corner has been turned’ thanks to the Covid-19 vaccine … Read more
Bank of England governor launches broadside at EU as he warns the bloc is trying to cut the City of London out of its banking market Andrew Bailey warned the Eu that the UK will not become a ‘rule-taker’ nation Bank of England governor was speaking during annual speech to City of London UK granted … Read more
Britons have revealed how they are spending some of their £150billion in extra savings amassed during the lockdown as the pandemic stopped them from splashing out on expensive holidays and nights out. Families built up their bank deposits from £1.48trillion to £1.63trillion over the course of 2020 – a rise of £151.7billion, the highest since … Read more
The Bank of England slashed its growth forecast for this year today but voiced hope that the rapid vaccine rollout will spark a strong recovery after June. In its latest Monetary Policy Committee report, the Bank reduced its estimate for economic growth for 2021 from 7.25 per cent to 5 per cent. It said an expected … Read more
Britons have saved £150bn during Covid-19 pandemic… now experts urge us to splash out when the economy reopens to breathe life back into the country Britain’s ‘involuntary’ savers squirreled away more than £150billion last year Families built up their bank deposits from £1.48trillion to £1.63trillion in 2020 Bank economist Andy Haldane hopes war chest will … Read more
Inflation rose from 0.3 per cent to in 0.6 per cent in December putting more pressure on families with clothes and travel costs rising By James Tapsfield, Political Editor For Mailonline Published: 07:10 GMT, 20 January 2021 | Updated: 07:13 GMT, 20 January 2021 Inflation rose to 0.6 per cent in December as clothes and … Read more
Bank of England boss Andrew Bailey says the UK’s unemployment rate is WORSE than official figures suggest – as he warns the depth of the second wave of coronavirus will delay the economic recovery UK’s jobless toll is officially 4.9% but he believes the true level is around 6.5% Bank governor addressed the Scottish Chambers … Read more
BREAKING NEWS: Arsenal take out a £120m loan through Bank of England’s Covid scheme to help them cope with the impact of the pandemic – despite splashing out £45m on one player in October and paying Mesut Ozil £350k-a-week but not playing him Arsenal announced they have borrowed £120million from the Bank of England … Read more
We must not sign Brexit deal for the City if it leaves financial industry as EU ‘rule-taker’, Bank of England boss Andrew Bailey warns Andrew Bailey warned UK can’t pay ‘any price’ for financial services agreement The Bank of England governor warned against EU ‘rule-taker’ deal for the City City firms were largely left out … Read more