BoE officials warn of double-dip recession

BoE policymakers have warned that the resurgence in Covid cases and the latest national lockdown will tip the economy back into recession. Bank governor Andrew Bailey said “there’s no question” the situation will delay economic recovery, whilst Ben Broadbent, deputy governor for monetary policy, said the UK is in the grip of a “double-dip recession”. Mr Broadbent said GDP likely ended 2020 “around 10% lower than at the end of 2019 . . . the sharpest decline, through any calendar year, at least since 1920”. He also said the true rate of unemployment is likely being missed by official figures as surveys struggle to distinguish between those who are and are not seeking work. The governor put the true unemployment rate at closer to 6.5% than the official figure of 4.9%.

Read more: The Times

Log into your account here, or click here to sign up!

Visit our website here for more news and product information, or click the button below to submit a short enquiry form for your finance needs.

Opening Time
Monday – Friday 9:00am - 5:00pm
Saturday – Closed
Sunday – Closed
Call Us - 020 3086 8030 
  • Sardison Capital
  • Sardison Capital
  • Twitter
  • YouTube
  • Sardison Capital

2021 All Rights Reserved. Sardison Capital is the trading style of Sardison Group Ltd.

We help businesses access business and property finance providers. Applicants must be aged 18 and over, T&C’s apply. All finance and quotes are subject to status and satisfying the funders criteria. Guarantees and Indemnities may be required. Sardison Capital can introduce applicants to a number of funding providers based on the applicants' circumstances and creditworthiness.  Sardison Capital is a Credit Broker sourcing from the whole of the market, not a Lender. 

© Copyright 2021 by Sardison Capital.

Website Designed by AVETON Design