Bank of England boosts QE by £150bn and predicts lockdown downturn – business live

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Rolling coverage of the latest economic and financial news, as BoE predicts the UK economy will shrink again this quarter

The Bank has also changed its UK unemployment forecast. With the economy expected to shrink again in Q4, it now predicts the jobless rate will peak at 7.75% in the second quarter of 2021, up from 4.5% today . Back in August, the BoE has expected unemployment to hit 7.5% at the end of this year, before then starting to decline gradually.

 

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why does this architecture make me feel drunk

WTF! Why doesnt LONDON believe in Vertical Lines anymore!

Next month massive profits will be reported...which will be of great comfort to folks made redundant

Ah, this will be the magic money tree that doesn't exist. It's not that I am opposed to government support, just the partisan way it is applied (socialism for the rich, not the poor, in general) and the inconsistency of applying their arguments.

Revealed “The Magic Money Tree”

thank you very much for your work

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