Bank of England supplies extra £150 billion for economy
On the same day England entered a second lockdown (November 5), the bank confirmed its Monetary Policy Committee (MPC) had voted to maintain interest rates at 0.1% but expand quantitative easing (QE) - buying government bonds.
The Bank of England is set to pump an extra £150 billion into the economy in order to keep the country propped up during the pandemic.
On the same day England entered a second lockdown (November 5), the bank confirmed its Monetary Policy Committee (MPC) had voted to maintain interest rates at 0.1% but expand quantitative easing (QE) – buying government bonds.
Representatives stated that the £150bn influx reflected new forecasts – which show that the economy is set to remain ‘below its pre-pandemic peak’ in 2022.
Wikimedia Commons
The MPC has warned the outlook for Britain “remains unusually uncertain” looking ahead – owing both to the pandemic and the inevitable effects of Brexit.
Britain officially entered a recession during lockdown, and despite a small recovery in later months, GDP growth has since slowed considerably.
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According to the BBC, policymakers expect the economy to shrink 11% overall in 2020.
Unemployment may peak at 7.75% in 2021 – which would be its highest rate for eight years.
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Andy Burnham invites Donald Trump to Manchester as two leaders speak on first call together
Emily Sergeant
Andy Burnham has spoken to US President Donald Trump on a call for the first time since becoming Prime Minister.
Less than 24 hours after officially becoming Prime Minister and appearing outside the doors of Number 10 to give his first speech as leader, Andy Burnham and Donald Trump have had contact with each other – and the US President even described it as a ‘very good conversation’ that was ‘interesting’ and went ‘very well’.
According to the Prime Minister‘s office, the two leaders spoke about a range of different topics important to both countries.
Setting out his vision as Prime Minister, Burnham told Trump that he would focus on reindustrialisation up and down the country to ensure ‘good growth in every postcode’.
Andy Burnham has invited Donald Trump to visit Manchester / Credit: Wikimedia Commons
The Prime Minister also underlined his commitment to defence and security, and told the President that ensuring the security of the UK and its Allies was at the top of his agenda.
The President then updated on the situation in the Middle East, and the Prime Minister outlined the UK’s commitment to securing the movement of shipping in the Strait of Hormuz to support global supply chains and drive down costs for businesses and families across the country.
🚨 BREAKING: Donald Trump says his call with Andy Burnham went "very well"
It wasn’t all business though, as the pair also discussed the World Cup – with the Prime Minister congratulating the President on his country’s success as hosts, and agreeing that England had an excellent tournament.
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And then came the all-important headline grabbing moment… that’s right, Andy Burnham has invited Donald Trump to visit Manchester.
According to the Government statement, Burnham said he also hoped that he would be able to ‘show the President what Manchester had to offer’ during a visit to the city sometime in the future.
Oh boy… we better get preparing ourselves already then.
Manchester Metropolitan University announce landmark partnership with MCR Basketball
Danny Jones
Manchester Metropolitan University (MMU) and Manchester Basketball have detailed a renewed and landmark partnership that looks set to nurture the next generation of talent.
Joining forces with MMU, this is not only the latest effort by MCR Basketball to further invest in young players and grassroots sports here in Manchester, but yet another example of further education creating viable routes into the game for their sporting stars of the future.
While the two organisations already boast an established relationship, this next step in their continued teamwork should prove even more fruitful for both parties, as the still only recently relaunched local basketball side looks to raise its profile in the city.
Confirming their intent to further intertwine their youth development setup and plans to innovate pathways for players, representatives from both met to confirm the announcement this week.
🤝 New partnership to drive basketball innovation & develop future talent. @ManMetUni & Manchester Basketball have announced a new strategic partnership to advance research, education and development of basketball to inspire the next generation of talent. #RepTheCity
With existing coaching staff already working between the two and both of the male and female training camps based over at Platt Lane Sports Complex, it only feels like a natural fit.
Moreover, this increased collaboration between the two is also a promising prospect for MMU Sport, specifically, meaning much more than just the sharing of facilities at the likes of Platt Lane over in Fallowfield and the National Basketball Performance Centre at Belle Vue.
As well as pooled resources, this will also crucially create potential opportunities for those at the uni or preparing to graduate, including student internships and more.
Claire Bradbury, Manchester Basketball CEO, said in an official statement: “As basketball in Manchester enters a new era, we’re excited to formalise our partnership with Manchester Metropolitan University.
“This is a true collaboration bringing together elite, professional basketball and leading academic sports expertise to create opportunities that support the development of players, staff and students.
Together we are investing in the future of basketball to grow the game in our region and working to establish the city of Manchester and Manchester Basketball as one of the leading basketball hubs in Europe.”
Man Met are looking pitch-perfect for the region’s leading ‘college ball’ feeder club, to use more American terminology, already.
Laura Hickman-Sparkes, MMU’s Head of Business Engagement and Partnerships at the Institute of Sport, went on to say: “Basketball is entering an incredibly exciting period, with growing participation, investment and visibility across Europe.”
For example, as well as the Super League Finals having been held at the AO Arena, the city is also most notably hosting a regular season NBA fixture at Co-op Live – a historic moment, to say the least.
“We’re delighted to be partnering with Manchester Basketball at such an important time and look forward to creating opportunities for our students”, she adds, “supporting innovation through research and helping to grow the game across Manchester and beyond.”
In other MMU Sport-related news, their very own ‘Visiting Professor’, who has only just retired from the professional circuit, is also set to fly the flag for the institution and disabled athletes across the country.
The Manc -
5th November 2020 
