Bank of England Stimulates Economy as Britain Extends Jobs Support Scheme

Bank of England Stimulates Economy as Britain Extends Jobs Support Scheme
File Photo shows Britain's Chancellor of the Exchequer Rishi Sunak attending a news conference amidst the spread of the CCP virus, at Downing Street in London, on Oct. 22, 2020. Henry Nicholls/Pool/Reuters
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The British government and the central bank joined forces on Thursday to provide further support to an economy facing a difficult winter following the imposition on the same day of new CCP virus lockdown measures for England.
The Bank of England (BoE) increased its monetary stimulus by a bigger than anticipated £150 billion ($195 billion) just hours before Chancellor Rishi Sunak announced the extension of the Job Retention Scheme, often called the furlough scheme.