These can be funded by Gilts, now trading at record-low yields of 0.68pc for ten years, or by ‘project bonds’ to conserve a degree of free-market discipline. The shovels are literally ready at the Hinkley Point nuclear plant in Somerset, though...

“For many of us who thought, what’s the point of cutting rates if it’s not going to get passed on to the real economy, the actions they’ve taken have addressed all those issues. So it’s well thought out and very well calibrated and should have a...

The funding gap of British pensions has hit a record high of £945bn after the Bank of England cut interest rates and began a new £70bn quantitative easing programme. The deficit of defined benefit pensions, which pay out an income linked to an...