bank of england
The Bank of England has also condemned the "inexcusable" links some of its former governors had with the slave trade.
The Bank said the economy could contract by as much as 3% in the first quarter and another 25% in the three months to the end of June.
Chancellor Rishi Sunak joins the prime minister for the daily coronavirus press conference. As interest rates have been dropped further by the Bank of England, it is expected fresh emergency measures will be announced to safeguard jobs and businesses from collapsing.
The death toll in Italy from Covid-19 has risen to more than any other county at this point, while the county remains in lockdown. California residents are being advised to do the same by their governor. Concerns rise in India, with nearly two hundred confirmed cases and at least four recorded deaths. Twitter has vowed to try its best to quash fake news on their platform about coronavirus, the Bank Of England has cut interest rates for a second time and NASA is preparing to send three astronauts into space for six months.
A British woman has died of Covid-19 in Indonesia and the Bank of England has slashed interest rates. Here's the latest on the illness.
The Bank of England governor also hit back at suggestions he is peddling 'Project Fear'.
The bank's governor warned that a recession could follow.
Experts explain how fluctuations in the pound's value against the dollar and euro will affect your finances.
The Bank of England has announced that mathematician and computer scientist Alan Turing will be the new face of the £50 bank note. Turing is most famous for breaking the German Enigma code. The cracked code is widely believed to have ended the war two years earlier than expected, potentially saving millions of lives. Turing was persecuted for being gay, and chose chemical castration over prison. The British government apologised for its treatment of Turing in 2009.
The Bank of England received 227,299 nominations from people suggesting figures from the world of science.