The governor of the Bank of England, Andrew Bailey, has suggested that the UK’s unemployment rate may actually be higher than official figures currently show as the coronavirus pandemic continues to drive a surge in redundancies. In a speech to business leaders at the virtual Scottish Chambers of Commerce conference, Bailey acknowledged that the UK […]

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The ‘goodbye kiss’ has been delivered! Quantitative easing was more modest – with lower-than-expected volumes of asset purchases – but the trajectory of interest rate cutting was continued today by incumbent ECB President Mario Draghi. European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against […]

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