UK Furlough Scheme Extended Until March with Increased Business Support Measures
Chancellor Rishi Sunak extends the furlough scheme until March, keeping payments at 80% of employee wages. This comes as...
Bank of England
Bank of England Unveils £150bn Covid Support Package, Maintains Low Interest Rates
In a recent announcement, the Bank of England revealed it will provide an additional £150 billion in crisis support...
New Look Seeks Rent Holiday Amidst Coronavirus Impact
New Look, a high street fashion retailer, has requested a three-month rent holiday from its landlords amidst the coronavirus...
New Bank of England Boss Promises Actions Against Covid-19 Economic Impact
New Bank of England boss, Andrew Bailey, promises fresh measures to tackle the economic crisis caused by coronavirus. With...
Bank of England Cuts Interest Rates and Introduces New Measures to Combat Coronavirus Impact
In a bid to mitigate the impact of the coronavirus outbreak on the UK economy, the Bank of England...
UK Inflation Hits Two-Year Low in January
Inflation rates dropped in January 2019, as the Consumer Prices Index (CPI) fell to 1.8%, below the Bank of...
BoE Holds Interest Rates Amid Brexit Uncertainty
In a recent development, the Bank of England has decided to keep interest rates on hold due to increasing...
Pound Plummets to $1.30 Amid High Street Struggles and Retail Woes
In a surprising turn of events, the pound has dropped to $1.30 due to decreased high street footfall and...
Old £10 Notes Still in Circulation: FSB Urges Banks for Support
Old £10 notes are still being used by retailers despite ceasing to be legal tender on March 1st, causing...