Bank of England resorts to drastic measures to prevent recession in UK

Bank of England

The Bank of England (BoE) have decided to take drastic actions to stop the UK entering a recession by cutting interest rates from 0.5% to 0.25% and pushing billions of newly created money into the economy. This is the lowest level interest rate cut in the institution’s history of 322 years.

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May’s Reign Hoped To Spell Greater Certainty For The UK

Mays Reign Hoped To Spell Greater Certainty For The UK

Theresa May has been appointed as the new Prime Minister of the United Kingdom, only the second woman PM in the history of the UK.

As she begins post Brexit there will be no time for May to relax as there are pressing issues to be dealt with as soon as possible.

She will need to appoint a team to lead the process of exiting the EU.

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UK warned they won’t receive special treatment once left the EU while the race for a new PM begins

UK warned

At the first meeting of the EU Summit earlier this week, the UK Prime Minister David Cameron used his last meeting there to voice his disappointment that he failed to win his side of the referendum. However the EU leaders said there would be no turning back for the UK.

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