The Governor of the Bank of England and Tory back benchers join Boris Johnson to reject the A-word – Austerity
Andrew Bailey, Governor of the Bank of England Because of Covid 19,“ the UK is facing a mega recession” warns the Institute of Fiscal Studies. It’s hardly a surprise to learn more every day about the dire state of yet another part of the economy. GDP is forecast to slump by 25-30 per cent this quarter, and millions of jobs could be destroyed – with no guarantees about the recovery. Official figures yesterday showed a 5.8 per cent fall in …