While the Bank said the UK’s banking sector was well-placed to cope with a severe downturn, it said banks must increase the amount of money they set aside to absorb shocks. Starting a year from now, banks will be required to set aside a sum equal to 2% of their assets as a buffer, as opposed to the normal 1%.
However, he added: “As has been said more generally about Paula Vennells’ involvement in various committees and working groups...
An Ofgem spokesperson said: “Our top priority is to protect consumers and we recently wrote to suppliers to alert...
Image copyright Getty Images The government has announced new measures to help more people get onto the property ladder,...
Image copyright Dan Kitwood The Unite union has called on the government to say it will extend its furlough...
Ford chief executive and president Jim Farley said in a statement: “We are focused on restarting Kentucky Truck Plant,...
Its spokesman, Darren Rodwell, said: “Longer-term, the government should award council highways departments with five yearly funding allocations to...
“It’s only when companies feel nervous about the future that they will think ‘Well, maybe I won’t put through...
Michael O’Leary, boss of Ryanair, said they had to cancel about 250 flights on Monday, affecting about 40,000 passengers....
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