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%.
Sir Charlie Bean, who was responsible for economic forecasts at the government’s independent forecaster, the Office for Budget Responsibility...
New Zealand’s capital, Wellington, has been ranked one of the least affordable cities in the world for buying a...
“Remarkably, Federal stated that there was no evidence that those cast and crew members could not continue their duties,...
The ISU union, which represents borders, immigration and customs staff, said Border Force had been “chronically under-funded for years”...
Unemployment caused by the pandemic has disproportionately affected women and now as restrictions ease many are not returning to...
But Simon Williams, the RAC motoring group’s fuel spokesman, said while tankers avoiding the Red Sea had the “potential...
“The main way we plan is to listen to people and find out what they want, to make sure...
Data seen by the BBC shows that Citizens Advice referred almost 700 people a day to food banks in...
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