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Bank of England warns of deepest recession on record

The economy is on course to shrink 14% this year with a huge hit to jobs and incomes.

Andrew Bailey questioned whether the coronavirus business interruption loan scheme is too complex.

The Bank of England boss says firms should think carefully before firing staff

There is help for firms thinking of cutting jobs because of the coronavirus crisis, says Andrew Bailey.

The increase has raised questions over whether the decision to keep interest rates unchanged was leaked.

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