Bank of England pumps £150bn into economy as governor warns of downturn


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Bank of England pumps £150bn into economy as governor warns of downturn



The governor of the Bank of England has told Sky News the economy is facing a “historically unprecedented” hit this year, just hours after announcing another £150bn stimulus package.

Andrew Bailey predicted economic growth would be 10 or 11% lower at the end of this year compared with last year, with a 2% hit due to the second wave of COVID-19.

The Bank is forecasting a negative impact from Brexit, even if a deal is reached.

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37 Comments

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  1. This government cant win. We're giving a bigger furlough than any country in the EU which has now been extended and people complain that our loss % is more than double the rest of the EU and USA. However, the government tell people they can't afford to pay a grant and there is uproar. We have to accept that we are in a pandemic and times are going to be rough, we cannot keep taking and not expecting financial repercussions. I understand times are rough, but thats the way of the world now. Its not just the UK that is struggling. Life isn't normal and we cannot afford to make it as normal as we can for every citizen. Stop the complaining and finger pointing and carry on. We will get through this and the less money we force out of the goverment the better we'll be coming out of the final corner of this virus.

  2. Search Dr. Mike Yeadon former head of research for respiratory immunology and microbiology Pfizer and listen to interview with Anna Brees ex sky news where they prove unequivocally its all lies and the supression of thousands of global doctors testimony..

  3. Banks have the unique privilege of being able to magic new money into existence.
    They get a promise to repay money from the government, the government uses the the future productivity of the nation (years of tax not yet collected) to create these bonds (I.O.Us.)

    Bonds – Think about that word for a moment.

    1. Confinement in prison; captivity.
    2. A binding agreement; a covenant.
    5. A duty, promise, or other obligation by which one is bound.

    So the bank gets this BINDING agreement and they press the magic money button and print new fiat currency

    The scam is that it cost them nothing to make this currency but the principal amount has to be replayed with INTEREST.
    There is nothing to stop the country from issuing new interest free currency.
    The public have been deceived for centuries.
    These national banks such as The Bank of England and The Federal Reserve are owned by private banking cartels that are robbing us blind.

  4. Stop locking the country down all the fecking time and we won't need any of this QE!! Absolutely no need for this 2nd lockdown. Case numbers have been falling for the last week!!

  5. Well that'll do some damage……morphine to ease our pain on the way to our death. Trillions available to ensure maximum damage. They love their Covid Scam….along with its permanent changes!!!

  6. לשנות אורח חיים 180 מעלות בבת אחת.לא כל אחד מסוגל לעשות.אבל להתחיל צעד אחר
    צעד במטרה להגיע לפסגה.מזה אי אפשר להתחמק.

    האמונה בבורא.שנמצאת בכל אחד ואחת.אמנם מתנגשת ברצונות בהמיים.לחיות חיי חופש והפקר.
    אבל זה לא מצדיק.התעלמות טוטאלית.מהתייחסות לרצון האמיתי.להגיע ולהשתלב.במטרה הנצחית.לה ברא הבורא את הבריאה הנפלאה האינסופית.

    לא נשאר הרבה זמן להתגשמות נבואת ישעיהו פרק ב פסוק ב "והיה באחרית הימים נכון יהיה הר בית השם בראש ההרים ונשא מגבעות ונהרו אליו כל הגויים"

    "והלכו עמים רבים ואמרו לכו ונעלה אל הר השם אל בית אלהי יעקב ויורנו מדרכיו ונלכה באורחותיו כי מציון תצא תורה ודבר השם מירושלים"

    עשיית צדקה וחסד.מקרבת את הגאולה.מקרבת את התפרצות האמונה העוצמתית.החבויה ושבויה בהגלות הרוחני.למעלה מאלפיים שנה.

    "ולאום מלאום יאמץ"

    לכל יהודי יש נפש אלוקית ונפש בהמית.ההבדל ביניהם הוא שמיים וארץ.מיום היוולדו ועד יום מותו של כל אחד-שורר ויכוח ביניהם על מהות החיים ומטרתו.

    מצד הנפש האלוקית-כל עם ישראל הם נשמה אחת.ההבדלים הרבים-בגוונים שונים ומשונים-בעם ישראל במשך כל הדורות.נובעים מצד הנפש הבהמית.

    המטרה היא;

    לזכך את הנפש הבהמית. להעלותה-לרוממה למעלת הרגש וההבנה של הנפש האלוקית.
    הבחירה ניתנת לכל אחד ואחד. האם להוריד את הנפש האלוקית לדרגת הבהמית או להיפך.

    "כל ישראל ערבים זה לזה". חובה וזכות על כל אחד ואחד לעזור לחברו הן בגשמיות והן ברוחניות.

  7. Prepare yourselves for massive tax rises over the next decade or two to repay all the money the Tories are borrowing to pay for this crisis & all the economic damage of Brexit to come too. As always the poor will have tax hikes to subsidise the tax cuts for big business Tory party doners.

  8. Jeremiah 30 (KJV)
    ¯¯¯¯¯¯¯¯¯¯
    ²³ Behold, the whirlwind of the LORD goeth forth with fury, a continuing whirlwind: it shall fall with pain upon the head of the wicked.
    ²⁴ The fierce anger of the LORD shall not return, until he have done it, and until he have performed the intents of his heart: in the latter days ye shall consider it.

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