COVID-19: UK economy expected to bounce back quicker

The following video is brought to you courtesy of the Sky News YouTube Channel. Click the video below to watch it now.

The Bank of England has predicted that the economy will “recover rapidly” as it left interest rates on hold at 0.1%.

The Budget next month will be key as cases fall and the vaccine rollout expands to cover the vulnerable categories as laid out by the JCVI (Joint committee on Vaccination and Immunisation).

The battle between opening the economy gradually or to keep restrictions on hold will become a concern as unemployment is predicted to hit 8% at its highest.

The base rate, which was remained at same level for 11 months, is the cost to high street lenders of borrowing money from the central bank, which heavily influences the cost of financing mortgages and loans to households.

Follow us on Twitter: https://twitter.com/skynews

Like us on Facebook: https://www.facebook.com/skynews

Follow us on Instagram: https://www.instagram.com/skynews

For more content go to http://news.sky.com and download our apps:

Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8

Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog”

skynews

skynews

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<