With the Coronavirus continuing to spread throughout the world and the UK, economies are being hit incredibly hard and households are starting to feel the strain. Although the outbreak isn’t yet thought to have hit its peak in the country, many employers are advising that staff work from home where possible and in some cases companies have sadly already had to close their doors. The uncertainty both economically, as well as on individuals and their families, is really starting to show and with this is mind the Bank of England have decided to drop the interest rates to ...
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It was a shock announcement that came from the Bank of England earlier this week, in that interest rates were going to be dropped with immediate effect amid the Coronavirus outbreak The World Health Organisation has officially named Coronavirus to be a pandemic and the, in many cases fatal, virus has shook markets all over the world, wiping billions off economies and creating panic. As a result, and to provide some support to both businesses and individuals in the country, the Bank of England made an announcement first thing on 11th March that it was cutting the Bank ...
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