IMG_5509

Bank of England pumps £100 bn into the economy

IMG_5509The UK has passed 300, 469 confirmed  Covid-19 cases, as the average number of deaths from Covid-19 over the last seven days is now 144 compared with 435 on May 18.

Britain faces a Tsunami of job losses despite hundreds of thousands of furloughed employees getting back to work. MPs were told that jobs were already being lost with many firms starting to prepare for the end of the job retention scheme.

The UK has the third-largest number of confirmed cases behind only to Brazil and the United States.

The Bank of England will pump an extra £100bn into the economy to help fight the “unprecedented” coronavirus induced downturn. The Bank’s Monetary Policy Committee also kept interest rates at a record low of 0.1 per cent. The Bank Governor Andrew Bailey said policymakers were ready to act after the economy suffered its biggest monthly contraction on record by 20.4 per cent in April, as official jobs data showed the number of workers on UK payrolls fell by over 600, 000 between March and May.

The extra £100bn of purchases by government bonds also has the air of an insurance policy.

Lower rates of interest mean you get less interest on your savings, so it’s less attractive to save money than to spend it. And lower interest rates make it cheaper to borrow money so it’s easier to buy a new house or car, or expand your business.

People buying things and businesses investing helps the economy stay healthy, protecting jobs. Bank of England is doing quantitative easing   (QE) another way to encourage spending and investment.

# Country, Total New Total New Total Active Serious, Tot Cases/ Deaths/ Total Tests/ Population
Other Cases Cases Deaths Deaths Recovered Cases Critical 1M pop 1M pop Tests 1M pop
  World 8,499,836 71,236 452,846 2,394 4,450,448 3,596,542 54,509 1,090 58.1    
1 USA 2,245,429 10,958 120,156 215 919,405 1,205,868 16,644 6,785 363 26,333,357 79,573 330933464
2 Brazil 965,512 5,203 46,842 177 503,507 415,163 8,318 4,543 220 1,709,468 8,044 212504592
3 Russia 561,091 7,790 7,660 182 313,963 239,468 2,300 3,845 52 15,679,724 107,445 145932404
4 India 372,767 5,503 12,389 127 197,894 162,484 8,944 270 9 6,249,668 4,530 1379492981
5 UK 300,469 1,218 42,288 135 N/A N/A 379 4,427 623 7,259,555 106,957 67873411
6 Spain 292,348 585 27,136 N/A N/A 617 6,253 580 4,826,516 103,232 46754183
7 Peru 240,908 7,257 128,622 105,029 1,111 7,311 220 1,417,911 43,028 32953556
8 Italy 238,159 331 34,514 66 180,544 23,101 168 3,939 571 4,831,562 79,907 60464665
9 Chile 220,628 3,615 156,232 60,781 1,794 11,545 189 886,169 46,372 19110122
10 Iran 197,647 2,596 9,272 87 156,991 31,384 2,795 2,354 110 1,344,599 16,017 83950760
11 Germany 189,547 43 8,933 6 173,600 7,014 406 2,263 107 5,029,696 60,038 83774757
12 Turkey 182,727 4,861 154,640 23,226 745 2,167 58 2,773,904 32,903 84304421
13 Pakistan 160,118 5,358 3,093 118 59,215 97,810 111 725 14 982,012 4,449 220708936
14 Mexico 159,793 4,930 19,080 770 119,355 21,358 378 1,240 148 441,670 3,427 128881218
15 France 158,174 29,575 73,667 54,932 772 2,423 453 1,384,633 21,214 65268631
16 Saudi Arabia 145,991 4,757 1,139 48 93,915 50,937 1,877 4,196 33 1,198,273 34,441 34791801
17 Bangladesh 102,292 3,803 1,343 38 40,164 60,785 1 621 8 570,503 3,465 164627426
18 Canada 100,146 293 8,299 45 62,237 29,610 1,982 2,654 220 2,254,481 59,753 37729863
19 Qatar 84,441 1,267 86 4 63,642 20,713 230 30,074 31 309,670 110,289 2,807,805
20 China 83,293 28 4,634 78,394 265 7 58 3 1,439,323,776
21 South Africa 80,412 1,674 44,331 34,407 208 1,356 28 1,200,736 20,256 59279420
22 Belgium 60,348 104 9,683 8 16,724 33,941 60 5,208 836 1,056,075 91,136 11587864
23 Colombia 57,046 1,864 21,326 33,856 335 1,122 37 535,220 10,523 50862215
24 Belarus 56,657 625 331 7 34,023 22,303 92 5,996 35 800,435 84,707 9449424
25 Sweden 56,043 1,481 5,053 12 N/A N/A 272 5,550 500 385,659 38,195 10097008
26 Netherlands 49,319 115 6,078 4 N/A N/A 67 2,878 355 505,370 29,496 17133591
27 Egypt 49,219 1,850 13,141 34,228 41 481 18 135,000 1,320 102252449
28 Ecuador 48,490 4,007 23,881 20,602 230 2,750 227 135,845 7,704 17632203
29 UAE 43,752 388 298 3 30,241 13,213 1 4,426 30 3,000,000 303,467 9885757
30 Indonesia 42,762 1,331 2,339 63 16,798 23,625 156 9 580,522 2,123 273413477
31 Singapore 41,473 257 26 32,712 8,735 2 7,091 4 576,189 98,516 5848655
32 Portugal 38,089 417 1,524 1 24,010 12,555 67 3,735 149 1,006,563 98,706 10197637
33 Kuwait 38,074 541 308 2 29,512 8,254 188 8,921 72 346,325 81,144 4268026
34 Argentina 35,552 929 16 10,721 23,902 274 787 21 250,615 5,547 45180283
35 Ukraine 34,063 829 966 23 15,447 17,650 327 779 22 517,995 11,842 43741563
36 Switzerland 31,200 13 1,956 28,900 344 18 3,606 226 485,948 56,164 8652319
37 Poland 31,015 314 1,316 30 15,317 14,382 72 819 35 1,270,951 33,580 37847943
38 Philippines 27,799 561 1,116 8 7,090 19,593 417 254 10 536,845 4,902 109523451
39 Afghanistan 27,532 658 546 42 7,660 19,326 19 708 14 61,599 1,584 38889385
40 Oman 26,818 739 119 3 13,264 13,435 102 5,258 23 148,467 29,107 5100647
41 Ireland 25,341 1,710 22,698 933 28 5,134 346 386,572 78,322 4935669
42 Dominican Republic 24,645 540 635 2 14,293 9,717 162 2,273 59 117,119 10,801 10843799
43 Iraq 24,254 773 10,770 12,711 159 604 19 380,005 9,457 40182422
44 Romania 23,080 320 1,473 22 16,308 5,299 178 1,199 77 597,696 31,063 19241459
45 Panama 22,597 470 13,774 8,353 107 5,240 109 97,402 22,589 4311996
46 Bolivia 20,685 802 679 20 4,002 16,004 71 1,773 58 51,336 4,400 11666702
47 Bahrain 19,961 53 4 14,185 5,723 27 11,752 31 445,669 262,383 1698543
48 Israel 19,894 111 303 15,499 4,092 39 2,163 33 804,743 87,495 9,197,590
49 Armenia 18,698 665 309 7 7,560 10,829 10 6,310 104 89,992 30,371 2963057
50 Nigeria 17,735 469 5,967 11,299 7 86 2 103,799 504 205906213
51 Japan 17,628 931 15,850 847 70 139 7 348,051 2,752 126488519
52 Austria 17,223 20 688 1 16,101 434 8 1,913 76 540,615 60,038 9004570
53 Kazakhstan 15,877 335 100 3 10,065 5,712 77 846 5 1,239,138 66,024 18767992
54 Moldova 13,106 374 444 11 7,252 5,410 444 3,249 110 63,328 15,698 4034258
55 Ghana 12,929 339 66 4,468 8,395 6 416 2 258,010 8,311 31044696
56 Serbia 12,616 94 258 1 11,511 847 17 1,444 30 325,613 37,262 8738450
57 Denmark 12,344 50 600 2 11,242 502 6 2,131 104 859,514 148,410 5791499
58 S. Korea 12,257 59 280 1 10,800 1,177 15 239 5 1,145,712 22,348 51267724
59 Algeria 11,385 117 811 12 8,078 2,496 41 260 19 43817763
60 Azerbaijan 11,329 338 139 6 6,192 4,998 66 1,118 14 403,499 39,809 10135771
61 Guatemala 11,251 545 432 14 2,200 8,619 5 628 24 31,427 1,756 17901561
62 Honduras 10,299 643 336 6 1,116 8,847 13 1,040 34 21,540 2,176 9898167
63 Czechia 10,176 14 333 7,401 2,442 12 950 31 505,272 47,185 10708313
64 Cameroon 9,864 276 5,570 4,018 28 372 10 26515641
65 Morocco 9,042 45 213 7,999 830 7 245 6 471,736 12,786 36893608
66 Norway 8,707 15 244 1 8,138 325 5 1,607 45 298,420 55,062 5419687
67 Malaysia 8,529 14 121 8,000 408 4 264 4 669,589 20,698 32349723
68 Sudan 8,020 487 2,966 4,567 183 11 401 9 43803300
69 Nepal 7,848 671 22 2 1,186 6,640 270 0.8 383,315 13,166 29114802
70 Australia 7,391 21 102 6,877 412 2 290 4 1,908,154 74,863 25488459
71 Finland 7,119 2 326 6,200 593 2 1,285 59 224,400 40,502 5540432
72 Ivory Coast 6,063 48 2,749 3,266 230 2 39,851 1,512 26348445
73 Uzbekistan 5,730 48 19 4,166 1,545 12 171 0.6 748,555 22,379 33449735
74 Senegal 5,475 106 76 3 3,716 1,683 16 327 5 63,862 3,819 16723391
75 DRC 5,283 183 117 2 685 4,481 59 1 89428534
76 Tajikistan 5,279 58 51 3,762 1,466 554 5 9528132
77 Haiti 4,688 141 82 2 24 4,582 411 7 9,651 847 11397117
78 Guinea 4,668 26 3,364 1,278 24 356 2 14,407 1,098 13116064
79 North Macedonia 4,664 182 216 6 1,836 2,612 34 2,239 104 47,793 22,940 2083377
80 Djibouti 4,545 43 3,411 1,091 4,603 44 40,855 41,375 987423
81 Kenya 4,257 213 117 10 1,459 2,681 7 79 2 130,498 2,429 53718978
82 Gabon 4,229 30 1,505 2,694 15 1,902 13 24,873 11,187 2223369
83 El Salvador 4,200 134 82 3 2,235 1,883 143 648 13 130,677 20,150 6485052
84 Luxembourg 4,091 6 110 3,940 41 1 6,540 176 132,501 211,812 625560
85 Hungary 4,079 1 568 1 2,564 947 15 422 59 242,139 25,063 9661121
86 Ethiopia 3,954 195 65 2 934 2,955 30 34 0.6 202,214 1,761 114833537
87 Bulgaria 3,542 184 1,880 1,478 12 510 26 110,379 15,882 6949959
88 Venezuela 3,386 28 835 2,523 5 119 1 1,081,542 38,031 28438458
89 Greece 3,227 24 188 1 1,374 1,665 10 310 18 270,338 25,933 10424594
90 Bosnia and Herzegovina 3,174 33 168 2,219 787 4 967 51 79,079 24,099 3281423
91 Thailand 3,141 6 58 2,997 86 1 45 0.8 468,175 6,708 69794034
92 Somalia 2,719 23 88 724 1,907 2 171 6 15872205
93 Kyrgyzstan 2,657 95 31 1 1,933 693 12 408 5 162,819 24,973 6519760
94 CAR 2,564 18 402 2,144 2 531 4 18,921 3,920 4826268
95 Mayotte 2,383 38 29 2,066 288 10 8,744 106 8,800 32,292 272517
96 Cuba 2,295 15 85 1 2,020 190 5 203 8 141,151 12,462 11326840
97 Croatia 2,269 11 107 2,142 20 553 26 70,712 17,222 4106017
98 Mauritania 2,223 95 427 1,701 8 479 20 13,842 2,981 4643974
99 Maldives 2,120 8 1,677 435 9 3,925 15 35,533 65,784 540146
100 Estonia 1,977 69 1,748 160 1,490 52 100,395 75,684 1326506
101 Sri Lanka 1,926 2 11 1,421 494 1 90 0.5 91,391 4,269 21410125
102 Mali 1,906 16 107 1,192 607 94 5 9,873 488 20222892
103 Costa Rica 1,871 12 899 960 3 367 2 33,282 6,536 5092382
104 Nicaragua 1,823 64 1,238 521 275 10 6621498
105 Iceland 1,816 1 10 1,801 5 5,323 29 65,101 190,821 341163
106 South Sudan 1,813 31 89 1,693 2 162 3 3,356 300 11188649
107 Albania 1,788 66 39 1 1,086 663 9 621 14 19,546 6,792 2877898
108 Lithuania 1,784 6 76 1,449 259 16 655 28 375,572 137,912 2723271
109 French Guiana 1,758 204 5 784 969 13 5,893 17 277 929 298324
110 Equatorial Guinea 1,664 32 515 1,117 1,188 23 16,000 11,423 1400672
111 Slovakia 1,562 1 28 1,443 91 286 5 199,567 36,554 5459555
112 Slovenia 1,511 8 109 1,359 43 1 727 52 90,519 43,541 2078929
113 New Zealand 1,507 1 22 1,482 3 301 4 321,187 64,210 5,002,100
114 Lebanon 1,495 6 32 944 519 7 219 5 111,168 16,285 6826375
115 Guinea-Bissau 1,492 15 153 1,324 5 759 8 1,500 763 1965906
116 Zambia 1,416 4 11 1,144 261 1 77 0.6 46,549 2,535 18359521
117 Madagascar 1,403 25 13 1 463 927 8 51 0.5 16,402 593 27658140
118 Paraguay 1,308 13 711 584 1 183 2 51,178 7,179 7129123
119 Sierra Leone 1,249 51 707 491 157 6 7969966
120 Tunisia 1,132 4 50 1,006 76 96 4 63,631 5,386 11813917
121 Hong Kong 1,125 4 4 1,072 49 3 150 0.5 275,293 36,731 7494743
122 Latvia 1,108 4 30 903 175 1 587 16 133,557 70,786 1886766
123 Niger 1,020 67 893 60 42 3 6,367 264 24160996
124 Jordan 1,001 14 9 697 295 3 98 0.9 310,732 30,466 10199311
125 Cyprus 985 18 816 151 4 816 15 144,122 119,401 1207039
126 Yemen 902 244 271 387 30 8 120 4 29796949
127 Burkina Faso 899 53 810 36 43 3 20876257
128 Georgia 893 5 14 739 140 6 224 4 78,158 19,591 3989410
129 Congo 883 27 391 465 160 5 5511896
130 Andorra 855 1 52 792 11 8 11,066 673 3,750 48,537 77261
131 Chad 854 74 733 47 52 5 16403314
132 Uruguay 849 24 810 15 4 244 7 55,215 15,897 3473316
133 Cabo Verde 823 31 7 377 439 1,481 13 1,307 2,352 555756
134 Uganda 741 9 486 255 16 155,882 3,413 45669557
135 Diamond Princess 712 13 651 48 4
136 San Marino 696 45 3 609 42 20,513 1,326 5,487 161,720 33929
137 Sao Tome and Principe 683 12 188 483 3,119 55 1,539 7,028 218987
138 Malta 663 1 9 610 44 1 1,502 20 85,824 194,391 441503
139 Mozambique 662 11 4 175 483 21 0.1 20,263 649 31213872
140 Rwanda 639 2 347 290 49 0.2 99,309 7,676 12937552
141 Jamaica 626 5 10 451 165 1 211 3 17,463 5,898 2960716
142 Benin 597 25 11 2 238 348 2 49 0.9 46,622 3,850 12108449
143 Palestine 579 24 3 415 161 114 0.6 44,876 8,806 5096097
144 Malawi 572 6 73 493 4 30 0.3 8,904 466 19107085
145 Channel Islands 570 48 512 10 3,280 276 10,255 59,004 173803
146 Eswatini 563 4 262 297 5 485 3 6,551 5,649 1159708
147 Togo 544 13 353 178 2 66 2 26,444 3,198 8270004
148 Liberia 542 26 33 250 259 107 7 5052335
149 Tanzania 509 21 183 305 7 9 0.4 59653018
150 Réunion 502 5 1 460 41 2 561 1 17,200 19,216 895080
151 Libya 500 10 78 412 73 1 16,409 2,389 6867586
152 Taiwan 446 1 7 434 5 19 0.3 74,699 3,137 23815327
153 Zimbabwe 401 4 63 334 27 0.3 52,905 3,562 14854233
154 Vietnam 342 7 325 17 1 4 275,000 2,826 97305946
155 Mauritius 337 10 325 2 265 8 152,194 119,678 1271697
156 Isle of Man 336 24 312 0 3,952 282 5,726 67,351 85017
157 Montenegro 333 9 315 9 530 14 13,186 20,995 628063
158 Myanmar 263 1 6 187 70 5 0.1 56,726 1,043 54396641
159 Suriname 261 6 48 207 2 445 10 1,165 1,987 586436
160 Martinique 221 19 14 98 109 589 37 375274
161 Mongolia 201 4 127 74 5 61 19,249 5,876 3276126
162 Comoros 197 3 127 67 227 3 868790
163 Cayman Islands 193 1 132 60 2,938 15 18,605 283,216 65692
164 Syria 187 9 7 78 102 11 0.4 17481354
165 Faeroe Islands 187 187 0 3,827 11,388 233,088 48857
166 Gibraltar 176 176 0 5,224 10,428 309,519 33691
167 Guadeloupe 171 14 157 0 427 35 5,691 14,223 400122
168 Guyana 171 12 102 57 1 217 15 2,006 2,551 786419
169 Angola 155 7 64 84 1 5 0.2 10,000 305 32815977
170 Bermuda 144 9 128 7 2 2,312 144 9,370 150,438 62285
171 Brunei 141 3 138 0 1 322 7 25,600 58,538 437322
172 Eritrea 131 39 92 37 3544468
173 Cambodia 129 1 126 3 1 8 29,248 1,750 16709758
174 Trinidad and Tobago 123 8 109 6 88 6 4,171 2,981 1399333
175 Bahamas 104 11 72 21 1 265 28 2,321 5,904 393103
176 Burundi 104 1 75 28 9 0.08 382 32 11873626
177 Aruba 101 3 98 0 946 28 2,241 20,993 106750
178 Monaco 99 4 94 1 2,523 102 16,200 412,928 39232
179 Barbados 97 7 85 5 1 338 24 7,094 24,687 287363
180 Liechtenstein 82 1 55 26 2,151 26 900 23,607 38124
181 Botswana 79 1 25 53 1 34 0.4 33,176 14,120 2349577
182 Sint Maarten 77 15 62 0 1,797 350 477 11,130 42857
183 Bhutan 67 25 42 87 22,250 28,848 771283
184 French Polynesia 60 60 0 214 4,578 16,301 280850
185 Macao 45 45 0 69 648984
186 Saint Martin 42 3 36 3 1 1,087 78 685 17,728 38639
187 Namibia 39 3 19 20 1 15 6,355 2,503 2538970
188 Gambia 34 1 24 9 14 0.4 1,970 816 2413443
189 St. Vincent Grenadines 29 25 4 261 731 6,590 110928
190 Antigua and Barbuda 26 3 22 1 1 266 31 489 4,995 97899
191 Timor-Leste 24 24 0 18 1,568 1,190 1317376
192 Curaçao 23 1 19 3 140 6 1,080 6,583 164070
193 Grenada 23 22 1 1 204 4,130 36,709 112505
194 Belize 22 2 16 4 55 5 1,957 4,925 397324
195 New Caledonia 21 21 0 74 7,788 27,288 285395
196 Laos 19 19 0 3 11,478 1,579 7271322
197 Saint Lucia 19 18 1 103 1,356 7,386 183598
198 Dominica 18 18 0 250 623 8,655 71980
199 Fiji 18 18 0 20 2,431 2,713 896209
200 Saint Kitts and Nevis 15 15 0 282 417 7,841 53185
201 Falkland Islands 13 13 0 3,741 671 193,094 3475
202 Greenland 13 13 0 229 2,739 48,250 56767
203 Turks and Caicos 12 1 11 0 310 26 245 6,331 38696
204 Vatican City 12 12 0 14,981 801
205 Montserrat 11 1 10 0 2,204 200 61 12,220 4992
206 Seychelles 11 11 0 112 98325
207 MS Zaandam 9 2 7
208 Western Sahara 9 1 8 0 15 2 596670
209 British Virgin Islands 8 1 7 0 265 33 212 7,014 30224
210 Papua New Guinea 8 8 0 0.9 5,281 591 8939820
211 Caribbean Netherlands 7 7 0 267 424 16,175 26214
212 St. Barth 6 6 0 608 152 15,391 9876
213 Lesotho 4 2 2 2 1,515 707 2141626
214 Anguilla 3 3 0 200 93 6,201 14998
215 Saint Pierre Miquelon 1 1 0 173 5795
Total: 8,499,836 71,236 452,846 2,394 4,450,448 3,596,542 54,509 1,090.40 58.1