| UPDATED: 09:32, Tue, Feb 23, 2021
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Sir Keir Starmer has been ridiculed after the Labour leader outlined his plans for a British Recovery Bond. Under the plan, a Labour Government would offer people a savings account with the Government at a competitive interest rate with the aim of giving capital investment boost to struggling areas of the economy. However, the strategy has come under fire from political expert John Rentoul who has slammed the idea as stupid in a rant in which he described the Labour Party leader s revamp policy speech as dreadful.
| UPDATED: 16:26, Tue, Feb 23, 2021
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Sadiq Khan calls for the government to extend furlough scheme Sign up to receive our rundown of the day s top stories direct to your inbox
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The scheme has helped cushion some of the blow of the coronavirus pandemic but there are fears of a spike in unemployment when it comes to an end on April 30. Figures out today show the rate of unemployment hit 5.1 percent between October and December - up from 5 percent in the previous quarter but the Bank of England is forecasting the jobless rate to surge to almost 8 percent by the middle of 2021.
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