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READ MOREBank of England pumps an extra £100bn into UK economy
The Bank of England has announced a new £100bn stimulus package for the UK economy amid fears of a surge in unemployment in Britain’s hotels, restaurants and shops following the end of the government’s furlough scheme in the autumn.
Threadneedle Street’s nine-member monetary policy committee (MPC) voted eight to one to boost the amount of money being pumped into the economy despite evidence that easing the lockdown had prompted a more rapid pickup in spending than the Bank envisaged.
Read more at the Guardian.
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