#AceFinanceDesk ………….The Bank of England’s Governor Andrew Bailey revealed the true im pact of the #coronavirus pandemic stating that the government would have struggled to finance the running of the country without help from the bank. In April the UK’s GDP contracted by 20.4% and the economy i s predicted to shrink by 14% this year @Sputnik

“Speaking to Sky News’ podcast “The World Tomorrow”, Bailey said that if the bank hadn’t stepped in during the market “meltdown” the UK government would have “struggled to fund itself” for the first time in history.”

Published: June.22: 2020: https://ift.tt/2Ypb3s7

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