Bank of England set to pump an extra £150bn into the UK economy


It has emerged that the Bank of England (BOE) is set to pump an extra £150bn into the UK economy. Tighter lockdown rules, that come into effect in England from today, are expected to push the UK into another downturn and a slower, bumpier recovery.

While the economy is expected to avoid another recession, due to the measures only being in place for 4 weeks, the BOE fears that unemployment will rise sharply. Interest rates have also been kept on hold at a record low of 0.1%.


Assuming that these new restrictions are lifted on December the 2nd, the BOE has forecasted a 2% economic shrink in the final three months of 2020, before a bounce-back at the start of 2021. However, it does not predict a pre virus economy until 2022. 

The first lockdown in March, brought in to deal with the Covid-19 pandemic triggered the sharpest economic contraction on record. As a result of shoppers helping the industry bounce back over the summer, and the BOE has said retail sales remained strong this year.

However, it did not have such rosy news for the hospitality, leisure, and tourism sectors whom it said have “suffered from lockdown rules”. Many diners enticed by the Eat Out to Help Out scheme had stopped once this scheme finished. 

Today’s fresh restrictions in England are expected to be a considerable drag on growth and as a result of this the BOE is expecting an 11% economic shrink in 2020 as a whole.

Personal Info

Billing Details

Donation Total: £10.00

If you would prefer to donate by card please telephone 0161 509 2145

You can now send cheques to our business address made payable to Unity News Network LTD at: David Clews, Unity News Network, Fernhills Business Centre, Todd Street, Bury, United Kingdom, BL9 5BJ

You can pay directly into our bank account or set up a standing order to

S/C 23-69-72 A/C 06881316

Unity News Network is a fast-growing dynamic alternative to the old media in the UK. We can only survive thanks to the support of everyday people like you. Donating to UNN allows us to continue our vital work giving you access a detailed analysis of UK and global issues as well as updates via our free to download the app and our ever-growing social media presence.

You can also join the UNN family as a premium member starting from £4.99 per month you gain full access to our in-depth premium content section and all aspects of our APP – CLICK HERE now to find out more…

Help keep Unity News Network continue spreading the truth and being that much-needed alternative to the legacy media. Your support is needed now more than ever and the full team at UNN appreciates your support.



Leave a Reply