As the country looks towards winter, Chancellor Rishi Sunak has today outlined government’s plan to protect jobs and support businesses over the coming months with a new Job Support Scheme and an extension of the Self Employment Income Support Scheme.
A new app to help control the spread of COVID-19 has been launched by the National Health Service (NHS) across England and Wales today.
The Queen is set to lose about 300,000 of her subjects— not to the dreaded coronavirus pandemic, but to the decision by the Caribbean island of Barbados to relinquish the crown and to become a republic next year.
As the pandemic intensifies its hold on the economy, Bank of England (BoE) Governor Andrew Bailey seems to be dampening down speculation about the introduction of negative rates although noting that they are a part of the Bank’s toolbox.
With the UK COVID-19 infection rate growing and with more and more sections of the country under some form of lockdown, many are preparing for an imminent nation-wide lockdown.
The death of US Supreme Court justice Ruth Bader Ginsburg (RBG) on the weekend has added even more grit to the already tense presidential campaign in that country.
Christmas 2020 may still be on the cards, but New Years Eve is another story, as Mayor of London Sadiq Khan announced on Friday that the celebrations would be cancelled.
As Australian flag carrier airline Qantas struggles through the travel restrictions caused by the coronavirus pandemic, it has sold out all seats on its first ‘flight to nowhere’ in just 10 minutes.
The Bank Rate is the rate at which a country’s central bank lends to commercial banks in that country. So it is the rate that other banks in that country use to decide their own lending and borrowing rates.
The Bank of England (BoE) is keeping the Bank Rate at 0.1 percent, in its effort to meet the two percent inflation target and to help sustain growth and employment at a time of extreme economic and financial impact from the COVID-19 pandemic.