Tag: crisis

African solutions to the coronavirus crisis

Image caption The BBC’s Antonia Howard tests out a hands-free, foot-operated tap in Sierra Leone The African continent hasn’t been as badly impacted by the coronavirus pandemic as other countries in the world so far, but new cases are on the rise and governments have introduced social distancing measures. And while the pandemic is bad for business, some African entrepreneurs… Read more →

Coronavirus: Alistair Darling warns economic impact ‘far worse than banking crisis’

Image caption Mr Darling was chancellor during the 2008 financial crisis The economic impact of the coronavirus pandemic will be “far, far worse” than the banking crisis in 2008, a former chancellor has warned. Alistair Darling said the country was already in a “very deep recession”. He predicted that unemployment would start to rise in August despite the UK government’s… Read more →

Economic crisis is going to last for months

Media playback is unsupported on your device Media captionThe job retention scheme to help employers and employees will run for a further four months. Furlough extension continues the habit of going beyond expectations, and at vast expense. It’ is explicit recognition that this crisis is reaching well into autumn, at least. Business lending remains sluggish, and is not being linked… Read more →