UK could follow Japan and make savers PAY banks to hold their cash in bid to revive coronavirus-hit economy, Bank of England boss Andrew Bailey urges Rishi Sunak to have a 'rethink' over the furlough scheme as new coronavirus restrictions come into place just weeks before it is due to end, Pound sinks to six-week low against the US dollar as fears mount over collapse of post-Brexit trade talks, Britain's mini housing boom: Stamp duty cut adds £30,000 to average property asking price with sales up 20% as house-hunters battle to buy before six-month tax break ends, A healthy dose of optimism can save jobs, writes Bank of England chief economist ANDY HALDANE, Britain's economy on course for rapid recovery from coronavirus crisis, predicts Bank of England chief, Reasons to be cheerful (no, really! View images, videos, and more on Bank of England on Financial Post. The budget airline, which earlier this month secured a £600 million loan from the Treasury and the Bank of England's coronavirus fund, has started the sale earlier in a desperate bid to attract sales. Governor Andrew Bailey made clear a fresh wave of quantitative easing - effectively printing money - will be needed as he raised doubts about the prospects for a rapid bounceback. The Bank of England has splashed out nearly £600,000 on home office technology and furniture to allow its staff to work remotely during the pandemic. Chancellor Rishi Sunak has announced that Nikhil Rathi - boss of the London Stock Exchange - was the 'outstanding candidate' to lead the Financial Conduct Authority. Bank of England will respond 'promptly and strongly' to second wave, More than a MILLION homes are set to sell by end of year. Bank of England maintains interest rate following Covid vaccine news. ): Amid terrifying job losses with output crushed and productivity falling, City Editor ALEX BRUMMER insists there are some uplifting signs, We're facing the worst recession in a century: Bank of England reveals gloomy forecast (but it's 200 years better than first feared), 'There are signs of strength in the economy!' The Bank of England said it expected the downturn and jobs crisis triggered by the Covid-19 pandemic will not be as bad as it previously feared. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent Premium. The damage to the economy is an astonishing £70billion greater than the value of the years of life saved, when applying an NHS formula. The committee also voted to keep the Bank’s quantitative easing (QE) programme at £895bn. Figures show the Bank (governor Andrew Bailey pictured inset) reimbursed £598,000 to its 4,447-strong workforce for office furniture and work-related equipment between March and October 31. Andy Haldane, who also sits on the Bank's interest rate-setting committee, said the recovery in the UK and globally had come 'sooner and faster' than expected. The Bank of England today insisted UK lenders are ready to cope with the potential twin shocks of a no deal Brexit and the coronavirus crisis. Gary Neville has told MPs that asking Parliament to intervene in how football is run in England is a 'last resort', but the appointment of an independent regulator is now the only solution. GDP figures from January to the end of March Pictured: Governor Andrew Bailey. Tories urge Chancellor to treat it like a war debt and pay off over decades, Bank of England chief economist reveals he didn't take A-level maths and struggles with homeschooling his children in the subject because he's 'not a natural', Eight out of ten Britons demand quality of life takes priority over economic growth on way out of Covid-19 lockdown despite warnings it could cause GDP to slump by nearly 30 per cent, Boris Johnson must think big to save the economy: Former Secretary of State for Exiting the EU DAVID DAVIS fears the Prime Minister's decision to only partially relax the lockdown will cause businesses to suffer, Coronavirus lockdown should be relaxed as much as possible so the economy can 'run hot', says ex-chancellor Sajid Javid, RUTH SUNDERLAND: Yes, a slump is coming... but we can bounce back as the new Bank of England Governor's robust optimism shows us, Boris Johnson and the lockdown struggle: Allies urge the PM to ease restrictions swiftly to avert a depression - but others fear that would trigger a second wave ahead of crucial address to the nation on Sunday, Bank of England warns coronavirus crisis will see GDP slump nearly 30 PER CENT and cause worst recession since the Great Frost in 1709, Now banks are accused of charging business clients fees for non-existent services during debt negotiations - after lenders were blasted for failing to hand out government backed loans, The UK economy will not return to 2019 levels for THREE YEARS and taxpayers will be footing the bill for government bailouts for DECADES, One in four companies has stopped trading because of lockdown as 'UK faces its worst economic slump for hundreds of years', easyJet lets customers book holidays for Easter 2021 after bringing sale date forward five months in bid to get cash coming in - despite being handed £600m government loan, Bank of England boss Andrew Bailey warns against easing social distancing too early and says the psychological effects of a 'false start' that forces Britons back into lockdown could damage economy more, Can YOU spot what's wrong with these bank notes? Some errors were described as 'spectacular' by an expert. You can find our Community Guidelines in full here. The decision to maintain interest rates will come as good news to bank bosses, who cautioned the Bank against taking the rates negative for what would have been the first time in the UK’s history earlier this week. The South American nation's central bank wants to release and sell the haul to help tackle its coronavirus crisis but the Bank of England has been left 'caught in the middle' of rival claims to the gold. Occupying perhaps the most important job in the country outside of Downing Street - setting interest rates and maintaining financial stability - the governor has to be of the highest integrity. Chief economist Andy Haldane (pictured) says strong consumer spending has already helped the UK claw back as much as half of the losses triggered by the pandemic. Part of the Daily Mail, The Mail on Sunday & Metro Media Group, Andrew Bailey bid to calm saving scandal storm may cause MORE trouble, Bank chief Andrew Bailey tried to remove his name from scandal report, Bank of England spent £600,000 on remote-working technology, Bank of England has three times more transgender staff, Bank of England says banks can handle double hit of Brexit and Covid, The FA borrow £175m from Bank of England to ease pressure on finances, Bank of England economist says families saved £100bn during pandemic, MPs slam Bank of England for losing track of £50BILLION of banknotes, Football leaders fight 'like cats in a sack', MP claims, Restrictions stalled UK's economic recovery from October, says Bank, CPI inflation creeps up to 0.7% as prices of food and clothing rise, PETER HITCHENS: Our panicking Prime Minister is bankrupting Britain, UK economy 'will shrink by 11% and unemployment will rise to 2.6M', Rishi Sunak is 'set to extend furlough until March', Bank of England pumps another £150bn into the economy, Camilla and Prince Charles visit Headquarters of the Bank of England, Work from home can make staff LESS creative and LESS productive, Perfectly preserved £5 note from 1863 set to fetch £12,000 auction, DOMINIC LAWSON: At this rate, there'll be nowhere left for our savings, TSB withdraws brokerage deals from anyone with less than 40% deposit, Banks are set to axe even more mortgage deals. 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