As activity has fallen in the UK, the number of people in work has dropped sharply. Claims for universal credit have surged, suggesting the jobless rate has more than doubled from around 4% at the start of the year to about 10% now. In addition, roughly a quarter of the UK workforce has been furloughed. The consumer price index inflation declined to 0.8% in April, well below the monetary policy committee’s 2% target. … [Read more...] about Speedy action by the Bank of England during Covid-19 is working
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By doing this, Ellen said she always has some mince meat when she wants it - and by flattening it with a rolling pin before she puts it in the freezer, she ensures that it doesn't take up much space. … [Read more...] about The freezer trick that will save you HUNDREDS of dollars: Mum’s time-saving mince storage method wows the internet
The governor said the Bank was monitoring a wide range of data to provide an up to date picture of how the economy was doing. These include journeys by train, plane and car, high street footfall, internet searches for hotel and restaurant bookings, credit card payments and weekly surveys of businesses and consumers. … [Read more...] about Covid-19 recovery will be tough, warns Bank of England governor
Barclaycard introduced the first contactless cards in the UK in 2007, but mass take-up of the technology has been slow. The banks were – in the main – reluctant to offer them because there were so few places where customers could use them. And retailers weren’t keen on introducing new sales terminals … because so few customers had contactless cards. … [Read more...] about Contactless cards: is your bank waving goodbye to the revolution?
But the mercury is expected to rise to 26C (78.8F) in London on Monday, with coastal areas likely to see the temperature hit 20C (68F) - and councils have warned people not to take advantage of the warmer weather. … [Read more...] about UK weather: Brits to enjoy 26C Bank Holiday Monday amid fears of crowds on beaches