Tag Archives: Bank of England

How coronavirus almost brought down the global financial system | Business

[ad_1] In the third week of March, while most of our minds were fixed on surging coronavirus death rates and the apocalyptic scenes in hospital wards, global financial markets came as close to a collapse as they have since September 2008. The price of shares in the world’s major corporations …

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Rishi Sunak’s dilemma over how to pay for his coronavirus spending | Larry Elliott | Business

[ad_1] It’s a while until payday and a big, unexpected bill has arrived. The money will eventually be there but in the meantime, there is a cash flow problem. Most of us have been there – and Rishi Sunak is no different. The chancellor has a whopping cash flow problem. …

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Coronavirus shutdown ravages high street as retailers take emergency action | Business

[ad_1] The coronavirus shutdown is laying waste to the high street, with Sir Philip Green’s Arcadia group announcing it was shutting all its stores, as Primark told suppliers it was cancelling orders and Debenhams sought extra time to settle its bills. In a dramatic day of developments Marks & Spencer …

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