Article 59T8J Second England lockdown fuels fears of Covid double-dip recession

Second England lockdown fuels fears of Covid double-dip recession

by
Phillip Inman and Larry Elliott
from on (#59T8J)

Economists predict a further GDP fall from between 7.5% and 10% with unemployment to soar

Bank of England policymakers are expected to inject up to 100bn into the economy when they meet this week amid mounting fears that the four-week lockdown for England will lead to a double-dip recession.

Threadneedle Street's nine-strong monetary policy committee (MPC) will spend the next few days weighing up the impact of the renewed closure of large chunks of the economy before announcing its latest decisions on Thursday.

Marston's - 2,150 jobs
15 October: Marston's - the brewer which owns nearly 1,400 pubs, restaurants, cocktail bars and hotels across the UK - said it would cut 2,150 jobs due to fresh Covid restrictions. The company has more than 14,000 employees.

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