About This Source - Bloomberg QuickTake: Now
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It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg QuickTake: Now published this video item, entitled “Streets Quiet in London as England Starts Second Lockdown” – below is their description.
Streets in London were quiet on Thursday as England entered the first day of its second national lockdown. Aerial footage shows the normally bustling central areas including around Trafalgar Square, St Paul’s Cathedral and the South Bank as almost empty. The British government and the Bank of England joined forces Thursday to provide further support to an economy that is set for a difficult winter following the imposition of new coronavirus lockdown measures. Hours after the central bank increased its monetary stimulus by a bigger than anticipated 150 billion pounds ($195 billion), Treasury chief Rishi Sunak said the government’s salary support program will be extended through March. The extension of the program, which sees the government pay 80% of the wages of people retained by firms rather than made redundant, comes on the day that England is back in lockdown and the other nations of the UK – Scotland, Wales and Northern Ireland – are living under heightened restrictions as a result of surging coronavirus infections. The extension to the salary support program follows the government’s decision last week to reinstate it at least until December 2, when the lockdown in England is due to end.Bloomberg QuickTake: Now YouTube Channel
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The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.
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