If the Bank’s central forecast is right, around a million people will find themselves out of work in the run up to Christmas.

Bank of England Governor says furlough scheme must end

Its nine-strong Monetary Policy Committee voted unanimously to hold rates.

Economic downturn 'less severe than feared', Bank of England says

The Monetary Policy Committee voted by eight to one to increase QE by £100 billion, but was unanimous in its decision to keep rates at 0.1%.

Economists expect the Bank to launch at least another £100 billion of quantitative easing, on top of the £200 billion already unleashed.

Governor of Bank of England Andrew Bailey has sat down for an interview with ITV News Political Editor Robert Peston.

From a rapid recovery to prolonged depression and everything in between, the range of possible outcomes from the coronavirus crisis is vast.

The Bank of England said the economy could contract by as much as 3% in the first quarter.

The Governor of the Bank of England, Andrew Bailey, has called on the banks to "put their backs into it".

The former Governor of the Bank of England says bank branches should reopen so businesses are able to access emergency funding on offer.


So much hinges on what Chancellor Rishi Sunak offers to subsidise the incomes of the millions of employees, writes Robert Peston.

The rate cut is the second in just over a week, down from 0.25% to 0.1%.

It’s day 3 in the job for the new Governor of the Bank of England. Andrew Bailey has walked straight into an emergency, writes Joel Hills.

It said the economic shock from Covid-19 ‘could prove sharp and large, but should be temporary’.

The new polymer banknote has been hailed by the Bank of England as its most secure yet.

The Bank judges that the economy probably flat-lined in the last three months of 2019, suffocated by Brexit and election uncertainty.