Britain’s economy will shrink by 11% and unemployment will rise to 2.6million amid Boris Johnson’s latest lockdown, bank of England warns Governor Andrew Bailey said the Bank expects the economy to shrink again He said economic output would be 11% lower at end of the year than at the start Added that unemployment would rise … Read more
Free banking (for those in credit) is not the birth-right of every Briton, but we treasure it as if it were. So can you imagine the fury if it ended? Even more so, if, when it happened, the Government said to the public: sorry, but it’s nothing to do with us. Yet this now seems … Read more
Bank of England boss Andrew Bailey urges Rishi Sunak to have a ‘rethink’ over the furlough scheme as new coronavirus restrictions come into place just weeks before it is due to end Andrew Bailey said he didn’t want to ‘tie the Chancellor’s hands’ with a remedy He said a blanket scheme was no longer needed … Read more