“None of it’s going to be good,” an economist warns as people are likely to retreat from some aspects of social life as Covid measures tighten.
Tag: Bank of England
U.K. Inflation Hits a 10-Year High
Prices rose 4.2 percent last month from a year earlier, more than double the Bank of England’s target.
The U.K.’s Economic Recovery Slowed in the Third Quarter
The economy grew 1.3 percent in the third quarter, down from 5.5 percent growth in the previous three months.
The U.K. Prepared for a Jobs Crisis, but Got the Unexpected
Instead of a surge in unemployment, businesses are struggling to fill positions, presenting a new risk to the pandemic recovery.
Inflation’s Worldwide Surge May Be a Good Sign
Inflation has surged across advanced economies. The shared experience underlines that price gains come from temporary drivers — for now.
Bank of England Removes Art of Leaders Linked to Slave Trade
Oil paintings and portraits depicting seven leading figures at the bank have been removed because of their connections to slavery.
Bank of England Rebuked Over ‘Missing’ $67 Billion of Cash
A parliamentary committee found about 50 billion pounds worth of cash in circulation is not being spent, and blasted the bank for a lack of “curiosity” about where it is.
Nicolas Maduro of Venezuela Wins Right to Appeal Over Gold Held in U.K.
President Nicolás Maduro of Venezuela has been trying since 2018 to gain access to bullion deposited at the Bank of England, running into a dispute over whether Britain considers him the country’s leader.
U.K. Judge Denies President Nicolás Maduro Access to Venezuelan Gold at Bank of England
It would be unlawful to allow Mr. Maduro access to the gold, a British High Court judge said, because Britain’s government recognizes his rival, Juan Guaidó, as Venezuela’s rightful leader.
U.K. Shields Its Economy From the Virus, but Not Yet Its People
The government is spending $38 billion to mitigate the effects of the coronavirus outbreak, but so far has ruled out aggressive measures to fight it.