Business > World

Bank of England expects best year for UK economy since 1941

1 month ago   |   By Star Tribune

The Bank of England has kept interest rates on hold as it forecast the fastest annual pace of growth for the British economy since early on in World War II, largely as a result of the rapid rollout of coronavirus vaccines.
Read more ...

 

Bank of England boosts 2021 UK growth forecast to 7.25% in wake of successful vaccine rollout

Bank of England boosts 2021 UK growth forecast to 7.25% in wake of successful vaccine rollout

1 month ago   |   By Business Insider

Summary List Placement The Bank of England sharply upgraded its forecasts for the UK economy on Thursday, citing the successful rollout of coronavirus vaccines and a sharp drop in COVID cases.
Policymakers at the Bank kept interest rates at their record-low level of 0.1% and maintained the size of its bond-buying package, through which the BoE injects money into the economy, at £895 billion .
The BoE now thinks UK gross domestic product will grow 7.25% in 2021, compared to its February estimate of 5% growth, and recover its pre-pandemic level sooner than expected. UK GDP contracted 9.8% in...
Read more ...

 


Search by Tags

   World      Economy  


Homebuilder developing rare infill project in central Las Vegas

Harmony Homes is banking on offering lower prices at a townhouse complex in a market that has seen a rapid runup in home values. Read more ...

The Best Amazon Prime Day Security Deals for 2021

The Best Amazon Prime Day Security Deals for 2021

Amazon Prime Day offers business owners many great deals to keep their office and computers safe and secure. Read more ...

The Trump Organization sued New York City after the mayor cancelled all...

Then President-elect Donald Trump boards the elevator at Trump Tower in New York City on January 16, 2017. DOMINICK REUTER/AFP via Getty Images The Trump Organization sued NYC... Read more ...

Ransomware gangs get paid off as officials struggle for fix

If your business falls victim to ransomware and you want simple advice on whether to pay the criminals, don't expect much help from the U.S. government. The answer is apt to... Read more ...

Meet The Just-Announced, First-Ever USA Skateboarding Olympic Team

The USA Skateboarding Olympic team was announced June 21, Go Skateboarding Day. The park team is Cory Juneau, Heimana Reynolds, Zion Wright, Brighton Zeuner, Bryce Wettstein... Read more ...

Modeling a circular economy for electronic waste

New research develops a framework to understand the choices an electronic waste recycler has to make and the role that digital fraud prevention could have in preventing... Read more ...

Actress Tara Subkoff buys a towering Streamline Moderne in Silver Lake

Actress and fashion designer Tara Subkoff just paid $2.25 million for a scenic Streamline Moderne-style home in Silver Lake with a funicular and rooftop deck. Read more ...

9th Circuit revives suit against California law requiring women on corporate...

A federal appeals court decided unanimously to revive a lawsuit challenging the constitutionality of a California law that bans all-male corporate boards. Read more ...

The Difference Between VPN Software and VPN Hardware

The Difference Between VPN Software and VPN Hardware

Explore the differences between virtual private network software and hardware options at your disposal, and find the solution that keeps your systems safe. Read more ...

Las Vegas-LA high speed rail plan delayed until 2022

The company behind a planned high speed rail line between Las Vegas and Victorville, California, is putting on the brakes until at least 2022. Read more ...