Portrait of the Week – 15 October 2011
From our UK edition
Home The Bank of England launched out on a further £75 billion worth of quantitative easing, but refused to buy government bonds maturing in 2017 because traders had driven up the price. Typical households will not return to the level of income they enjoyed in 2009 until 2015, according to the Institute for Fiscal Studies. The Olympic stadium is to remain in public ownership after the Games, the government confirmed, and not sold to West Ham. Unemployment rose by 114,000 from May to August to 2.57 million. The BBC decided to cut 2,000 jobs as part of savings of £670 million a year. Dave and Angela Dawes from Wisbech won £101,203,600.70 in the Euromillions lottery, the third largest jackpot for British winners.