BoE: UK lenders can withstand disastrous recession
The UK’s biggest lenders are strong enough to withstand a financial earthquake stronger than the one that rocked the City in 2008, the Bank of England’s annual stress test has found.
Britain’s seven biggest banks could keep lending even if UK national income slumped 4.7 per cent, unemployment surged to 9.2 per cent, and world GDP dropped 2.6 per cent, Threadneedle Street said.
Read more at City AM.
Majority government brings hope of stability to small firms
Boris Johnson's tax plans face squeeze as public finances worsen
