Bank of England set to unveil another big stimulus for UK

LONDON (AP) — The Bank of England is set to unveil another big stimulus for the U.K. economy as it tries to limit the scale of the coronavirus recession. The central bank is expected Thursday to join its counterparts around the world, including the U.S. Federal Reserve, in bolstering support measures following the initial radical responses to the economic threat of the pandemic. The meeting of the bank’s monetary policy committee is taking place in the wake of figures showing that the U.K. economy shrank by a fifth in April alone as a result of the country’s lockdown, which has seen many sectors shuttered.