The role of the Bank of England is to help to meet the needs of UK businesses and households in dealing with the associated economic disruption. On 11 March, the Bank of England’s three policy committees announced a package of measures to support UK businesses and households through this period. In his Budget on the same day, the Chancellor of the Exchequer announced a number of fiscal measures with the same aim. On 17 March, this combined package of measures was complemented by the announcement by HM Treasury of the Covid 19 Corporate Financing Facility (CCFF), for which the Bank will act as HM Treasury’s agent. By ... (full story)