Bank of England to finance UK government Covid-19 crisis spending

  The Guardian 

Image source : theguardian.com
With lockdown likely to be extended Treasury can draw on billions in extra funds to support cashflow The Treasury has announced it is to extend its overdraft facility at the Bank of England in a fresh sign of the mountingfinancial pressure on the government caused by theCovid-19 enforced lockdown of the economy. Amid growing speculation that the quarantining will be extended next week, the Treasury said it needed extra firepower to support its cashflow and to ensure financial markets ran smoothly. Continue reading...
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