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.
With many people now working from home due to the coronavirus, some two thirds of employers in a recent survey say that homer workers are more or as productive as when they were in the workplace.
In its first all-online launch programme, Apple has launched its latest watch and iPad — but not the much anticipated iPhone.
Shinzo Abe resigned today (September 16) as Japan’s prime minister and his cabinet followed suit to make way for a new leader, Yoshihide Suga.
Ocado Retail, the grocery delivery service, says it has successfully switched over from Waitrose to Marks and Spencer (M&S), two weeks after making the switch on September 1.
Latest unemployment figures from the Office for National Statistics (ONS) show that unemployment has risen to 4.1 percent for the quarter ending in July.
One industry that is doing well during the pandemic is takeaway delivery services, allowing people to treat themselves to a meal from their favourite restaurant without having to leave the safety of their homes. The increased demand has seen some of the players offer new services and innovation, including in-restaurant payment options and home delivery of groceries.
The UK has secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation and will increase trade with Japan by an estimated £15.2 billion.
Cheaper wine may be in the future of many heading across the Channel, as British passengers travelling to EU countries