The Bank of England is expected to say on Thursday that it is ready to take further radical action to prop up the economy and Britain's finance minister will announce help for self-employed workers hit by the coronavirus shutdown.
Nearly half a million people in Britain have filed welfare benefit claims in the past nine days, a sign of how the government's shutdown of much of the economy to slow the spread of coronavirus is hitting incomes.
福利网站British banks must keep lending to businesses through the coronavirus crisis to ensure viable companies do not fail, the government and Bank of England said on Wednesday, after promising 330 billion pounds in loan guarantees.
福利网站Britain should widen a government wage guarantee to cover self-employed and sacked workers, rather than just those whose employers agree to temporarily put them on leave, a think tank said on Wednesday.
Seventy percent of people in Britain, Canada, France, Germany, Italy, Japan and the United States expect their household to lose income due to the coronavirus outbreak, according to a survey on Wednesday.
British inflation fell in February, before the coronavirus crisis hit the country, and economists predict a further sharp fall in the next couple of months due to the collapse in global oil prices caused by the pandemic.
福利网站UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes.
福利网站British finance minister Rishi Sunak said on Tuesday the government was working on measures to help self-employed people in the wake of the coronavirus crisis but that there were issues with the practicality and fairness of so doing.
Britain's economy is shrinking at a record pace, faster than during the 2008-09 financial crisis, as businesses across the services sector shut up shop in face of the coronavirus, a survey showed on Tuesday.
福利网站British housebuilder Persimmon and retirement home developer McCarthy & Stone are starting an orderly shutdown of their construction sites in response to the coronavirus pandemic, the companies said on Wednesday.
Those pining for a bottom to the gut-wrenching stock market selloff may be disappointed to learn that mega one-day rallies like the historic one witnessed on Tuesday are typically not the start of a durable recovery.