Bank of England slashes interest rates to just 0.1% to help boost UK economy as ministers unveil emergency laws to tackle the spread of coronavirus Bank of England’s Monetary Policy Committee had a special meeting today Committee decided to cut interest rates from 0.25 per cent to just 0.1 per cent It is second interest … Read more
Life expectancy in England has ground to a halt for the first time in a century, according to a landmark report. Professor Sir Michael Marmot, a leading expert on public health, said the widening gap between the rich and poor is to blame. His 172-page report said life expectancy in England has barely improved in … Read more
As the Covid-19 crisis erupted, few would have predicted that central banks would end up front of stage. The ongoing volatility on financial markets has given them a key role. In his third day as Governor of the Bank of England, Andrew Bailey displayed the assertiveness which he never quite discovered in his previous job … Read more
Banks and building societies have already started slashing rates on some of the best savings deals, just two days after the Bank of England announced an emergency base rate cut to 0.25 per cent. Three of the seven highest-paying easy-access accounts have either been pulled from sale or seen their rates cut, while some of … Read more
Devon is the county hardest hit by coronavirus and a total of 18 cases have been confirmed there. Six people in Torbay have been revealed to have the infection, and a further 12 cases have been confirmed elsewhere in the rural county. This makes it worse hit than Hertfordshire, where there have been 13 cases, … Read more
The Archbishop of Canterbury has today announced that public worship is ‘suspended until further notice’ amid fears over coronavirus. In a joint letter, the Archbishops of Canterbury and York, Justin Welby and John Sentamu respectively, said it was ‘necessary to put public services on hold’. They added church buildings may remain open for prayer ‘where … Read more