Speaking on the City AM podcast, Haldane added his voice to the Bank of England governor, Andrew Bailey, who said last month that the chancellor, Rishi Sunak, should “move forward” to the next stage of government support rather than extend the furlough scheme. … [Read more...] about Bank of England’s top economist warns against furlough scheme extension
Bank of england
In contrast with the US economy, where firms borrow on bond markets, lending in Europe is driven by banks. The ECB has found a new way to stimulate the economy by creating a tiered system of interest rates. If banks lend to business, they can now do so with funds from the so-called TLTRO facility that the ECB pays them to borrow from. This subsidy to bank lending has not been enough to prevent a worrying slide towards deflation, but it has worked in ensuring that credit flow has not collapsed. … [Read more...] about The world’s central banks are starting to experiment. But what comes next?
Thanking the government for previously deciding to re-allow visits to care home, Lisa Lenton, chair of Care Providers Alliance, said: 'The impact of the Covid-19 pandemic has taken its toll in many ways. The effect of not being able to see friends and family has been very difficult and very upsetting for many - both for the people who access care and support, and for their loved ones who have been isolated. … [Read more...] about Outbreaks of chest infections including Covid-19 in England’s care homes are at lowest levels for six MONTHS after dropping more than 95% since coronavirus peak
He is also to be re-tested within days following his exclusion from the England squad. The player has also told the club that he has always done his best to stay within social distancing guidelines during the pandemic. Manchester United, however, declined to comment. … [Read more...] about EXCLUSIVE: Shamed England star Mason Greenwood is in more hot water for holding SIX rowdy house parties at Airbnb house where blaring music kept neighbours awake until 5am during Covid lockdown
He warned: "Obviously, it's the Friday before the bank holiday weekend, so lot's of people will be planning to take to the roads and so they do need to be aware that even if they're enjoying sunny spells at one moment a hefty shower could come along very quickly and make conditions very, very difficult." … [Read more...] about Bank Holiday travel chaos as 5.6m set to hit the roads in busiest day on record