It seems negative interest rates in the UK are inevitable now with the BOE telling financial services to start preparing for them. "The Bank of England took a step closer to introducing negative interest rates for the first time on Thursday, after it gave lenders six months to prepare for such a move."

I think don't need a degree in economics to understand how ridiculous negative interest rates are. Inflation is a tax on the poor and middle class. They are stealing the value of your currency from you.

The Bank of England expects a rapid rebound of the UK economy later this year as the vaccination rollout programme takes effect but also unveiled moves to introduce negative interest rates if the recovery falters.