UK economy: Bank warns of biggest decline in century

The latest Bank of England forecast says the British economy is facing its biggest annual decline for 100 years. And bankers warn it could take more than a year to get back to pre-lockdown levels, provided there is not a second surge of coronavirus infections. Al Jazeera’s Neave Barker reports from London, UK. – Subscribe … Read more UK economy: Bank warns of biggest decline in century

Revealed: Areas of the UK likely to be hardest hit by coronavirus job losses | ITV News

Data obtained by ITV News has revealed the crippling impact coronavirus is likely to have on towns and cities across the UK. With the full winding down of the furlough scheme by October, more than seven per cent of the UK’s workforce could be unemployed by the end of the year, according to the Bank … Read more Revealed: Areas of the UK likely to be hardest hit by coronavirus job losses | ITV News

COVID-19: UK’s economic slump to be ‘longer but less severe’

The Bank of England has warned that Britain’s economy could take longer to bounce back than first thought – but won’t be as bad as predicted. It held interest rates and is predicting unemployment will rise to 7.5% by the end of the year. But it says the downturn won’t be as severe as many … Read more COVID-19: UK’s economic slump to be ‘longer but less severe’

BOE Will Keep Negative Rates in Tool Box, Bailey Says

Aug.06 — Bank of England Governor Andrew Bailey discusses the impact of Covid-19 on the central bank’s forecast, the structure of the U.K. economy, and the possibility of using negative interest rates. He speaks with Bloomberg’s Francine Lacqua after policy makers voted unanimously to keep the benchmark interest rate at a record-low 0.1%.

Bank of England say economic recovery following coronavirus is under way but admit risks remain

The economy is bouncing back from Covid-19 as businesses reopen and shoppers get spending but big risks remain over the recovery, the Bank of England said on Thursday. Andrew Bailey, the Governor, and his colleagues voted to hold interest rates at 0.1pc, the record low reached in March, and held fire on a further expansion … Read more Bank of England say economic recovery following coronavirus is under way but admit risks remain

Bank of England sees slower economic recovery

The Bank of England said on Thursday that Britain’s economy would probably take longer to get back to its pre-pandemic size than it previously thought, even if the scale of the hit this year might not be quite as bad. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around … Read more Bank of England sees slower economic recovery

‘Big downside risk’ for economy warns Bailey

The governor of the Bank of England Andrew Bailey has warned that the rapid pick up of the economy is unlikely to continue. The Bank of England has said it expects the UK’s economic slump to be less severe than first feared, but it could take longer to bounce back from the coronavirus crisis. Sky … Read more ‘Big downside risk’ for economy warns Bailey

BOE Keeps Rates and QE Unchanged Amid GDP, Unemployment Warning

Aug.06 — The Bank of England left interest rates and asset purchases unchanged and said it doesn’t plan to tighten policy until it’s more certain about the outlook for inflation. Policy makers expect unemployment to rise materially to about 7.5% by the end of the year and said Gross Domestic Product won’t recover to pre-Covid … Read more BOE Keeps Rates and QE Unchanged Amid GDP, Unemployment Warning

How to Predict Covid-19 | CoronaNomics

The Telegraph’s economics reporter Lizzy Burden interviews former governor of the Bank of England Mervyn King. Credit: CoronaNomics, an Econ Films production. Get the latest headlines: https://www.telegraph.co.uk/ Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Telegraph, the UK’s best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.

Unwinding U.K. Furlough Scheme Now Makes Sense, Charlie Bean Says

Jul.15 — Charlie Bean, a former Bank of England deputy governor who is now a committee member at the U.K.’s Office for Budget Responsibility, says it’s “perfectly sensible” for the government to begin unwinding its furlough program as the economy reopens because the plan was only intended as a “bridge” through lockdown. He made the … Read more Unwinding U.K. Furlough Scheme Now Makes Sense, Charlie Bean Says

Battle for Venezuela gold | Maduro’s claim on $1bn shiny metal reserves rejected by British court

As UK recognises Juan Guaido as Venezuela’s interim leader, the British High Court has ruled to deny access to country’s billion-dollar gold reserves stored at the Bank of England. Subscribe to RT! https://www.youtube.com/channel/UCpwvZwUam-URkxB7g4USKpg?sub_confirmation=1 RT LIVE https://www.youtube.com/watch?v=IFAcqaNzNSc Check out http://rt.com Like us on Facebook http://www.facebook.com/RTnews Follow us on VK https://vk.com/rt_international Follow us on Twitter http://twitter.com/RT_com Follow … Read more Battle for Venezuela gold | Maduro’s claim on $1bn shiny metal reserves rejected by British court

UK court denies Venezuela’s Maduro access to gold in bank vault

Venezuela’s government has condemned a UK court ruling denying it permission to withdraw gold worth $1bn from the Bank of England. President Nicolas Maduro said the funds would help pay for the fight against coronavirus. Venezuela’s vice president said the ruling is an attempt to steal the country’s gold. But a judge ruled the UK … Read more UK court denies Venezuela’s Maduro access to gold in bank vault

A proxy play out, or a ‘legal’ theft? – Galloway on BoE Venezuelan gold seizure

George Galloway highlights the issue of Venezuelan gold seized by the Bank of England. Galloway is free to #QuestionMore on RT: https://www.facebook.com/GeorgeGallowayOfficial Subscribe to RT! https://www.youtube.com/channel/UCpwvZwUam-URkxB7g4USKpg?sub_confirmation=1 RT LIVE https://www.youtube.com/watch?v=IFAcqaNzNSc Check out http://rt.com Like us on Facebook http://www.facebook.com/RTnews Follow us on VK https://vk.com/rt_international Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on … Read more A proxy play out, or a ‘legal’ theft? – Galloway on BoE Venezuelan gold seizure

Planet Normal: Lord Mervyn King on why we can’t simply follow the coronavirus science

Subscribe to Planet Normal to make sure you never miss an episode: https://www.playpodca.st/planetnormal Former Governor of the Bank of England, Lord Mervyn King, is the co-pilot on Telegraph columnists Allison Pearson and Liam Halligan’s fifth orbiting of Planet Normal. He tells us why he believes no-deal Brexit scaremongering was an attempt to reverse the referendum … Read more Planet Normal: Lord Mervyn King on why we can’t simply follow the coronavirus science

Venezuela’s rival leaders lock horns over gold in London vault

The right to access Venezuela’s riches is a dispute intertwined with the right to rule the country. Venezuela’s rival leaders, President Nicolas Maduro and his Western-backed opponent Juan Guaido, began a legal battle on Monday over $1bn of the country’s gold held in the Bank of England. Al Jazeera’s Sonia Gallego reports. – Subscribe to … Read more Venezuela’s rival leaders lock horns over gold in London vault