Rishi Sunak is to set out emergency plans to keep people in work as the coronavirus crisis hits the economy.
Bank of England
The UK Government has “unequivocally recognised” opposition leader Juan Guaido as president of Venezuela, the High Court has ruled in a battle over a billion US dollars (£800 million) of gold bullion held in the vaults of the Bank of England.
The High Court is set to rule on who the UK Government recognises as president of Venezuela as part of a battle over one billion US dollars (£800 million) of gold bullion held in the vaults of the Bank of England.
The UK economy could see what first looks like a V-shaped recovery only for it to be quickly flattened out, according to one of the world’s top economists.
Britain’s economy is on track for a sharp V-shaped recovery thanks to a faster-than-expected rebound but “considerable” risks remain, according to the Bank of England’s chief economist.
Households’ consumer credit borrowing shrunk by 3% annually in May, marking the weakest growth since records started in 1994, according to Bank of England figures.
The UK Government recognising Venezuelan opposition leader Juan Guaido as head of state would be “unlawful under international law”, the High Court has heard.
The UK’s pummelled private sector has started to see some green shoots this month, as the manufacturing sector started to show some slim growth again.
The new chief regulator of the City will take over at an often criticised organisation with a major new path to chart after Brexit.
The UK “unequivocally recognises” the government of Venezuelan President Nicolas Maduro despite considering his position to be “illegitimate”, the High Court has heard.
Bank of England Governor Andrew Bailey has signalled a shift in policy which could see it selling off bonds before it starts raising interest rates again.
A battle over one billion US dollars (£800 million) of Venezuelan gold held in the Bank of England’s vaults is set to be heard by the High Court.
The Bank of England has launched another £100 billion of economy-boosting action to help combat the “unprecedented” shock from Covid-19 as it warned over a looming jobs crisis.
The Bank of England has lent more than £16 billion to 53 major businesses in a bid to support them through the coronavirus crisis.
The Bank of England has lent nearly £2 billion to some of Britain’s biggest airlines and paid £1 billion to a German chemicals giant as part of its emergency pandemic funding, it has been revealed.
Britain’s lenders are being asked by the Bank of England to give details on their expected losses on loans due to the coronavirus crisis as the sector is braced for a wave of borrower defaults.
The Bank of England is looking at “a number of outcomes” including a no-deal Brexit scenario, following reports Governor Andrew Bailey has told banks and lenders to prepare for the transition period to end without agreement.
The number of mortgage approvals made to home buyers slumped to a record low in April as the housing market was held at a near-standstill, Bank of England figures show.
Wetherspoon’s will spend an initial £11 million making its 875 pubs Covid-19 secure ahead of reopening, including screens at bars and tables.
Bank of England governor Andrew Bailey has said it would be “foolish” to rule out cutting interest rates below zero and confirmed policymakers are actively reviewing its options to help see the economy through coronavirus.
Britain has sold gilts with a negative yield for the first time in history as borrowers pay for the privilege of lending to the UK Government.
Britain is very sharply moving into recession due to the coronavirus crisis, Bank of England governor Andrew Bailey has said.
British firms could be left with £105 billion of unsustainable debt as coronavirus continues to eat into economic performance, one of the country’s top financial lobby groups has warned.
The Bank of England has warned coronavirus could see the economy plunge 14% this year in the worst annual fall since records began.
The Bank of England will decide whether to launch fresh emergency action on Thursday as it looks at the economic destruction caused by coronavirus.
The number of mortgages being approved to home buyers nosedived to a seven-year low in March.
Pub chain Wetherspoon’s said it plans to reopen its bars and hotels in June, as founder Tim Martin revealed the extent of the carnage caused to the business due to the coronavirus lockdown.
Profit at Barclays fell by more than 42% in the first three months of the year, as the bank took a major hit from the coronavirus crisis, it revealed on Wednesday.
Another of Britain’s biggest housebuilders has announced plans to reopen its building sites in May, after a pause to limit the spread of coronavirus.
The owner of Holiday Inn has said that around half of its hotels across Europe and other regions have closed as the coronavirus sweeps across continents.