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BUSINESS LIVE: BoE leaves rates and QE unchanged; Johnson Calls on City to Invest Long-Term; Rolls-Royce returns to profitability; Mike Ashley confirms that he has resigned as Frasers boss
- Bank of England unanimously votes to keep rates unchanged
- The BoE’s bond purchase program (QE) was also unchanged at £ 875m
- But MPC member Michael Saunders alone voted to reduce QE to £ 830 billion
- Ashley confirms plans to step down and hand over to his future son-in-law
- Johnson said he wanted a bigger share of private sector investment in UK infrastructure and startups
- Rolls-Royce to return to profitability in the first half of 2021; Stocks rise 1% in early trading
- If you’re using our app, click here to read Business Live
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