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Money

Bank of England, UK to signal more radical action against coronavirus slump

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.

UK says half a million people file welfare claims

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.

UK house price growth slowed in January - ONS

British house price growth slowed in January, before the coronavirus began to hit Britain, after rising at its fastest rate in 11 months in December, official data showed on Wednesday.

UK tells banks to keep lending through coronavirus crisis

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.

UK should widen coronavirus wage guarantee to self-employed - think tank

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.

Nearly three-quarters of people in G7 expect virus to make their households poorer - survey

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.

UK inflation falls from six-month high, coronavirus to trigger slide

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.

Banks, regulators move to protect customers from wave of coronavirus scams in UK, U.S.

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.

Sunak says practical issues with helping self-employed over coronavirus

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.

Coronavirus hits UK economy with unprecedented force

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.

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Property News

Housebuilders Persimmon and McCarthy to close construction sites

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.

More UK property funds suspend trading due to coronavirus volatility

Kames, Janus Henderson suspend UK property funds on coronavirus turbulence

Pensions News

Treat with caution - rocketing stocks aren't cause for comfort

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.

Rush for the exit: coronavirus puts risk-loaded credit funds on 'redemption watch'

Central banks deploy record sums to break financial logjam, but may need more

Savings & Loans News

Banks struggle to ride to the rescue in Europe's cash crunch battle

Corrado Sforza Fogliani is on the frontlines of European efforts to keep the region's economy alive amid the coronavirus pandemic.

British public unprepared for BoE rate cut - survey

Bank of England ramps up bond-buying, cuts rates to near zero