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Bank of England holds stimulus, record-low rate
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LIBOR transition will be a complex exercise - The Hindu BusinessLine
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Here is something novel after this week’s kerfuffle over Chancellor Rishi Sunak’s letter to the Prime Minister, calling for a reopening of travel.
Residents of 10 and 11 Downing Street have come together to tell Britain’s big battalion investors to stop sitting on savers’ and pensioners’ cash and follow Canadian and Australian pension funds – by devoting more money to infrastructure projects and pioneering UK start-ups.
Sunak and Boris Johnson could have gone further. They could have told the so-called UK long funds that instead of capitulating at the first sound of gunfire from private equity and other predators – as is the case at Morrisons, aerospace innovators Meggitt et al – they should tell financially driven bidders to get lost.
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