"Yesterday’s Bank of England MPC meeting was more positive about the recovery than it has been for some time. This allowed talk of negative interest rates to be slipped onto the back burner with little comment.

It has emerged that the Bank canvassed 160 lenders in the UK to understand the practicality of how negative rates would work in practice.

The operational difficulties for banks led the MPC to agree that it would provide the market with six months’ notice of such a move.

This appears rather curious in that it is fairly obvious that the economy is in an extraordinarily precarious position and should the MPC believe that such a radical move is warranted, it is then prepared to wait two quarters to implement it.

The rollout of the Covid 19 vaccination programme continues at a startling pace.

The country had become accustomed to this Government having to make excuses for delays, whether they be Brexit related or in the reaction to the fast-moving effect of Coronavirus, over its entire term in office but with now well over ten million jabs having been provided, a corner may have been turned.

"

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