Britain's economy is recovering a bit more quickly than the Bank of England thought a month ago as the government eases its COVID-19 lockdown, but news from the labour market is mostly negative, Bank of England Governor Andrew Bailey said.
The Bank of England slowed the pace of its huge bond-buying programme on Thursday as it saw some signs that the British economy was recovering from the unprecedented slump caused by the coronavirus lockdown.
Haircuts, holidays and a pint at the pub remain off limits but prices for takeaway coffees, muffins and fitness classes have returned to Britain's inflation data, giving a picture of how the coronavirus lockdown is easing.
福利网站British inflation fell to its lowest since June 2016 last month as the coronavirus pandemic sucked demand from the global economy and oil prices tumbled, leaving the Bank of England free to ramp up its stimulus programme again.
福利网站Six asset managers including M&G and Legal & General said they were keeping property funds totalling more than $7.5 billion in assets frozen as valuers continue to struggle to assess real estate due to the coronavirus crisis.
福利网站The number of people on British employers' payrolls fell by more than 600,000 in April and May as the coronavirus lockdown hit the labour market, and vacancies plunged by the most on record, data showed on Tuesday.
福利网站The Pensions Regulator (TPR) on Thursday published the framework for the launch of UK pension superfunds, a new structure designed to ease the burden of Britain's 2 trillion pound final salary pension sector on cash-strapped firms.
福利网站U.S. investors have ramped up investments in growth funds over the past few months on expectations of higher returns and safety, while they dumped value funds despite cheaper prices after this year's pandemic-linked selloff.