Jul 16, 2021 | Current Affairs
A House of Lords committee is "concerned" about the Bank of England's quantitative easing (QE) programme, and is calling on the Bank to unwind the controversial monetary policy. QE sees the Bank of England create new digital money that it uses to buy bonds and other...
Jul 14, 2021 | Current Affairs
Inflation rose by 2.4% in the 12 months to June 2021, the highest level in almost three years, after the easing of COVID-19 lockdown restrictions prompted a rise in demand for goods and services. The Office for National Statistics (ONS) said the fourth consecutive...
Jul 13, 2021 | Current Affairs
SMEs and businesses most affected by restrictions and lockdowns are at significant risk of debt, threatening widespread insolvencies in the future, according to the Bank of England (BoE). In its financial policy summary, the BoE judged that UK corporate debt...
Jul 9, 2021 | Current Affairs
Gross domestic product (GDP) grew by 0.8% in May 2021 as COVID-19 restrictions continued to ease, bringing GDP to just 3.1% below its pre-pandemic February 2020 levels. This was the fourth consecutive month of growth, although it was slower than what the UK saw in...
Jul 8, 2021 | Current Affairs
Businesses claimed a total of £79.3 billion in government-backed loans designed to support them during the pandemic, restrictions and lockdowns, data published by the Treasury reveals. Out of 2.35 million applications for the Government's three flagship support loans,...
