Coronavirus: What can the Chinese economic experience teach the rest of the world? April 9, 2020 The Coronavirus pandemic has brought unprecedented pressure upon the global economy, yet the length of this paralysis is key to answering many of the questions being asked. Albeit too early to properly assess what effects containment measures – initiated by governments across the world – are currently having, it is likely that these will intensify [...]
Boris Johnson ‘responding to treatment’ in coronavirus fight April 8, 2020 Boris Johnson is responding to treatment for coronavirus and is in a stable condition at St Thomas’ Hospital’s intensive care unit. The Prime Minister was sent to the intensive care unit on Monday after his Covid-19 symptoms worsened. He has not been put on a ventilator and he has not been hooked up to any [...]
UK’s smaller firms cannot pay debts amid coronavirus, say accountants April 6, 2020 The UK’s small and medium-sized businesses do not have enough cash to pay debts due in the next year, research has shown, as fears rise over the resilience of British firms in the face of the coronavirus slowdown. Coronavirus containment measures have pushed businesses to close and caused a slump in demand. This has caused [...]
Bank of England’s Andrew Bailey rejects direct government financing amid coronavirus April 5, 2020 Bank of England governor Andrew Bailey has defended the institution’s drastic response to the coronavirus slowdown, saying it is not directly financing government spending and is against such an idea. Threadneedle Street has ramped up quantitative easing (QE), under which it creates money and buy bonds to stimulate lending, to tackle the fallout from coronavirus. [...]