Bank of England boosts bond-buying programme by £100bn – business live | Business

Central banks need to be marshalled like cavalry and stimulus like charges. The Bank of England will mount a fresh charge at the enemy formations today. Coordination is the name of the game: it needs to keep on top of the huge amount of issuance – borrowing – by the UK government. Wartime levels of debt means the BoE must expand the envelope to hoover it up or risk yields starting to rise...

Stock markets tumble as companies warn on coronavirus damage – business live | Business

7.56am BST07:56 RBS takes £800m bad debt hit from crisis Bishopsgate (with an RBS office on the left) has been left empty during lockdown. Photograph: Phil Clarke Hill/In Pictures via Getty Images Royal Bank of Scotland suffered a near-50% drop in first quarter profits after putting aside £802m to help cover a potential surge in bad debts due to the Covid-19 outbreak, making it the latest UK...