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Image: Nicholas Barbaros on Unsplash
That quantitative easing is also used to pay the 80% wage subsidy to Britons who suddenly found themselves out of work when the lockdown started in March. Companies still have to pay 5% of the burden for their workers covered by the terms of the lockdown extension, who they didn't want to lose, as the government tries to hang on another month.
Perhaps adults should be trusted.
EURGBP opens at 0.899 today.