Interest rate slashed again in national emergency

Interest rate slashed again in national emergency

Brit Interest rate slashed again in national emergency’s interest rate has been slashed again to a record low as Prime Minister Boris Johnson declared a station of national emergency. As the threat from coronavirus continues to grow, Britain’s government has taken a series of unprecedented steps to protect lives and protect the economy. Special broadcast …

Virus economic shock ‘already bigger than financial crisis’

Virus economic shock ‘already bigger than financial crisis’

One of the world’s top finance officials has said the economic shock created across the world by the coronavirus epidemic is already bigger than the 2008 financial crisis or the September 11 terror attacks. Secretary General of the Organisation for Economic Co-operation and Development (OECD) Angel Gurria said it was ‘wishful thinking’ that countries would …

Forecasters ‘surprised’ by level of pension withdrawals

Forecasters ‘surprised’ by level of pension withdrawals

Government forecasters have said they continue to be surprised by the rate at which the over 55s are accessing their pension pots. The rate of withdrawal is proving so worrying to the Association of British Insurers (ABI) that they are calling for reform of the legislation to slow things down. Figures In figures released alongside …