Interest rates could be cut below zero to kick start the economy, suggests Bank of England boss Andrew Bailey By Lucy White For The Daily Mail Published: 08:07 BST, 21 May 2020 | Updated: 08:07 BST, 21 May 2020 Bank of England Governor Andrew Bailey has hinted that interest rates could be cut below zero … Read more
Give us back our gold now! Venezuela and Bank of England head to court for showdown over £1bn of bullion By Adam Luck For The Daily Mail Published: 21:51 BST, 20 May 2020 | Updated: 21:51 BST, 20 May 2020 The Bank of England is being sued over allegations that it has refused to hand … Read more
Bank of England could turn interest rates NEGATIVE as part of efforts to prop up the economy amid coronavirus crisis, says governor Andrew Bailey Bank of England governor Andrew Bailey has been giving evidence to MPs He said it would be ‘foolish’ to rule out turning the Bank interest rate negative The UK government has … Read more
An extra bank holiday in October could help revive Britain’s tourism industry from the huge loss suffered during the coronavirus crisis, a top tourism boss suggested today. Patricia Yates, who heads Visit Britain, said the industry had lost £37billion in trade since lockdown began and an additional day off would ‘stimulate demand when it is … Read more
An extra bank holiday in October could help revive Britain’s tourism industry from the huge loss suffered during the coronavirus crisis, a top tourism boss suggested today. Patricia Yates, who heads Visit Britain, said the industry had lost £37billion in trade since lockdown began and an additional day off would ‘stimulate demand when it is … Read more
We’re still here helping you look after your money.’ So goes the latest advert for NatWest, set against a backdrop of a deserted high street and featuring some of its younger employees cheerily imploring customers to use its mobile phone app. All in all, a rather reassuring message for its millions of business and personal … Read more
Savers were potentially handed more bad news today with the Bank of England suggesting base rate could remain close to historically low levels over the next few years. While policymakers kept the base rate, which helps determine borrowing and savings rates, at 0.1 per cent today, it forecast it could increase to just 0.2 per … Read more
Australians can save big money on cosmetics by exfoliating their lips with sugar, setting their eyebrows with lip balm and shaving their legs with body lotion instead of splashing out on expensive products, natural beauty experts have revealed. Grooming experts at Palmer’s, an American skincare line known for its cocoa butter and coconut moisturisers, shared … Read more
The Bank of England has moved to calm fears over coronavirus triggering the deepest recession for 300 years. Governor Andrew Bailey said the downturn due to lockdown was ‘very sharp’, but said the Bank is buying up a ‘much larger’ stock of government debt than could have been ‘imagined’ during the credit crunch. The enormous … Read more
Princess Eugenie volunteers alongside her husband Jack Brooksbank to package food bank parcels for vulnerable people affected by the coronavirus pandemic Princess Eugenie and husband Jack Brooksbank ‘jumped at chance’ to volunteer The pair were pictured packaging food bank parcels at Salvation Army charity They volunteered to help those struggling financially amid the coronavirus crisis … Read more