Rolling coverage of the latest economic and financial news, as coronavirus lockdown easing measures push equity markets higher
10.35am BST
The Bank of England’s chief economist Andy Haldane has said that the central bank is not even remotely close to making a decision on whether to cut rates below zero.
Speaking as part of a webinar organised by the Confederation of British Industry, he explained that the Bank would have to take key issues into consideration, including the consequences on the financial sector (with banks relying on income from interest) and confidence in the economy.
10.15am BST
Newsflash: Accounting watchdog the Financial Reporting Council has launched an investigation into KPMG and PwC over the audits of haulage firm Eddie Stobart.
The FRC said it was linked to audits for the years ending 30 November 2017 (conducted by KPMG) and 30 November 2018 (which were done by PwC).
