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Sanjeev Gupta given taxpayer loans despite fraud fears

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Jobs fears as Sanjeev Gupta puts seven UK steel plants up for sale

Jobs fears as Sanjeev Gupta puts seven UK steel plants up for sale
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

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Banks told to prepare for negative rates

Banks told to prepare for negative rates
archive.is - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.is Daily Mail and Mail on Sunday newspapers.

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Bank of England to Cut Interest Rate to 0% on Thursday: Soc Gen

- Quantitative Easing to be expanded
Image © Adobe Stock
The
Bank of England will cut its basic interest rate and raise its quantitative easing programme to support the lockdown-ravaged UK economy, according analysts at major pan-European lender and investment bank.
Société Générale says that much has changed since the Bank s economists released their last set of forecasts back in November, with a harsh lockdown being introduced in January materially shifting the economy s outlook for the worse.
As such, policy makers will act by increasing the stimulus they on offer to the struggling economy.
The move would likely come as a surprise to the market as the consensus view is that the Bank is willing to keep interest rates unchanged and look through current difficulties facing the economy, choosing to focus on a spring rebound in activity. ....

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Bank of England: Predictions for Pound Sterling vs. Euro and Dollar as Negative Interest Rates Verdict is Delivered

- GBP/USD to 1.40 if Bank says -ve rates not feasible: MUFG
- GBP/EUR down to 1.1286 if vote on -ve rates is split: TD Securities
Image © Adobe Stock
The
Bank of England s February policy decision forms the key risk for the British Pound on Thursday as foreign exchange markets eagerly await a verdict on whether an interest rate cut to 0% or below is likely either today, or at some point in coming weeks and months.
Such a rate cut has never been attempted in the UK before and the Bank s decision will therefore have significant implications for the UK financial system. ....

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