5 Things You Need To Know, Today, on Friday 22nd May 2020

Episode 1896,   May 22, 2020, 05:07 AM

Britain is enduring its deepest recession in centuries but the havoc wrought by the coronavirus pandemic will not be enough to push the Bank of England to adopt negative interest rates. According to a Reuters survey of economists, the economy will contract 17.5% this quarter, a much sharper contraction than the 13.1% predicted last month.

Britain is enduring its deepest recession in centuries but the havoc wrought by the coronavirus pandemic will not be enough to push the Bank of England to adopt negative interest rates.

According to a Reuters survey of economists, the economy will contract 17.5% this quarter, a much sharper contraction than the 13.1% predicted last month.

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