Broke Britain: how the Bank of England wrecked the economy

Broke Britain: how the Bank of England wrecked the economy

In February 2020, a few weeks before Britain was thrown into lockdown, Sajid Javid resigned as chancellor of the exchequer over a bust-up with the prime minister’s chief adviser, Dominic Cummings. The fight was thought to be over Cummings’s attempts to dictate who could and could not work in No. 11. In fact, it was

Bank of England bailout looms as UK economy contracts: Families will pay the price

On Monday, GB News published an article stating that Britain's finances are in deep trouble. Public debt has reached 96.4% of GDP and a deficit of 5.1%, prompting warnings of a potential Bank of England bailout. Economists have warned that this could lead to higher interest rates and mortgage costs, impacting households and the economy.