Bank of England to pump £100bn into UK economy

The Bank of England have announced today that it will inject an extra £100bn into the UK economy to help fight the economic downturn caused by coronavirus after voting 8-1 to increase the size of its bond-buying programme.

However, in positive news they said there was growing evidence that the hit to the economy would be “less severe” than initially feared.

Interest rates remain unchanged at a record low of 0.1%.