The central bank also cut its estimate of how much capital the UK’s banking sector needs for the first time in a decade, and signaled a consultation that could free up extra lending and higher payouts ...

To count as a recession, the economy has to have “two consecutive three-month quarters in negative territory”, said The Independent ’s chief business commentator James Moore. In the first quarter this ...

Major banks in the UK are resilient and able to support the economy during a downturn, the central bank found.

@2024 - All Right Reserved.

The label once used to describe the UK’s industrial decline in the 1970s is echoing anew as fresh data show the economy slipping into reverse. A 0.1% contraction in September and weak quarterly growth ...

War with Russia, a global economic recession, AI threatening to make millions of jobs redundant are all things that could upend the UK and lead to a downfall of its respected standing ...

The American economy is heading for trouble, and it may go into recession next year. If that happens, it would be bad news ...

An increasing number of company executives and economists have recently pointed to a widening gap in the economy, where the ...