The Bank of England pumped another £150billion into the economy as lockdown began today – amid fears that it will send GDP plummeting and destroy jobs. The Bank has increased its mammoth bond-buying programme to £895billion, warning that UK plc’s recovery was already ‘softening’ before the squeeze was announced on Saturday. Interest rates are being … Read more
More than 9,500 jobs have been put in jeopardy at some of the biggest High Street names as England goes into lockdown once again today. John Lewis cut a further 1,500 jobs yesterday, adding to the 1,300 axed when it permanently shut eight stores in July. Lloyds Bank is to make 1,070 more staff redundant … Read more
The pound has slumped against the dollar as the US presidential election battle failed to produce an early result and looks set to continue for days. At midnight, the pound was trading at $1.315 but dropped to $1.290 earlier this morning before settling at around $1.300 in the afternoon. Leading up to election day, markets … Read more
AT A GLANCE: HOW VALLANCE AND WHITTY DEFENDED THE LOCKDOWN SATURDAY’S GLOOMY SLIDES The pair admitted what one MP called the ‘avalanche of data’ they presented in Saturday’s briefing may have been too much to handle for the public. Sir Patrick said: ‘I would always like to get things simpler than they were and clearer … Read more
Rishi Sunak is being ‘bounced’ by the Prime Minster into extending the furlough scheme package after lockdown ends Prime Minister wants Rishi Sunak to ensure furlough money available for country Details being ironed out before Chancellor brings the policey forward to public Boris Johnson pledged to extend Government’s furlough payments on Monday By Bhvishya Patel … Read more
Rishi Sunak is being ‘bounced’ by the Prime Minster into extending the furlough scheme package after lockdown ends Prime Minister wants Rishi Sunak to ensure furlough money available for country Details being ironed out before Chancellor brings the policey forward to public Boris Johnson pledged to extend Government’s furlough payments on Monday By Bhvishya Patel … Read more
Signs that the second wave of coronavirus could be at a turning point began to make an appearance today as the UK recorded a 12.5 per cent decrease in the number of people testing positive. The Department of Health figures, which initially were delayed in their release, saw a further 20,018 people test positive for … Read more
AT A GLANCE: HOW VALLANCE AND WHITTY DEFENDED THE LOCKDOWN SATURDAY’S GLOOMY SLIDES The pair admitted what one MP called the ‘avalanche of data’ they presented in Saturday’s briefing may have been too much to handle for the public. Sir Patrick said: ‘I would always like to get things simpler than they were and clearer … Read more
AT A GLANCE: HOW VALLANCE AND WHITTY DEFENDED THE LOCKDOWN SATURDAY’S GLOOMY SLIDES Sir Patrick: ‘I would always like to get things simpler than they were and clearer than they were. ‘I mean, you know, that would always be an aim and clearly some of those slides were quite complicated, and it is a very … Read more
Fears England may have jumped the gun with a second national lockdown grew today after top scientists claimed the R rate has already dropped to the crucial level of one and that Covid-19 cases are actually ‘flatlining’. King’s College London academics, who have been tracking the size of the coronavirus outbreak since the summer, argued … Read more