My column today suggests the Bank of England’s insistence on terming it's forecast as a "scenario" undermines the real scenario planning the UK's economic authorities should be doing. There are a lot of things that could go wrong in the months ahead
Stimulus measures from the Bank of England, Austria’s reluctance to reopen its border with Italy and a snapshot of the magnitude of the coronavirus death toll in Europe. All this and more in the latest edition of our Coronavirus Daily Update 👇
The Bank of England just announced it will finance the gvt directly. Meanwhile in the eurozone the tragi-comedy of errors, also known as the Eurogroup, will reconvene tonight to proclaim that the crisis is SO urgent that it will do NOTHING of macroeconomic significance.
Bank of England has allocated £250,000,000,000 to prop up the pound. That's about £15,000 for each UK subject or 20 years #EU contributions.