Government debt higher than GDP
UK government debt was 100.9% of gross domestic product (GDP) at the end of May 2020. This is the first time debt as a percentage of GDP has exceeded 100% since the financial year ending March 1963.
UK government debt …
The Bank of England launches more quantitative easing (QE)
The Bank of England has announced it will pump a further £100 billion into the UK economy through its quantitative easing (QE) programme to try and boost the UK economy.
The purchases announced today (18th June 2020) takes …
UK interest rates unchanged at 0.1%
The Bank of England has kept UK interest rates at 0.1% and has announced an expansion to its quantitative easing (QE) programme.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates, voted unanimously to leave …
Government borrowing hits record high in April
UK government borrowing surged to just over £62 billion in April 2020. This is around £51 billion more than in April 2019 and is the highest level since records began in January 1993.
Government debt at the end of April …
UK inflation rate falls to 1.5% in March 2020
The Consumer Prices Index (CPI) measure of inflation fell to 1.5% in March 2020, according to the Office for National Statistics.
Farrell Financial Planning do not give advice on future inflation or interest rate movements. Farrell Financial Planning …