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Less than half of UK businesses ready for no-deal Brexit, warns Bank chief

Bank of England chief Mark Carney has warned that “less than half of businesses” are ready for a no-deal Brexit as he appealed for...

Bank of England issues stark recession warning over no-deal Brexit

The Bank of England has warned Britain would be tipped into a recession worse than the financial crisis in the event of a no-deal...

Lloyds to axe more than 6,000 jobs in digital push

Lloyds Banking Group has confirmed it is to axe 6,240 jobs as part of a digital overhaul. The British high-street lender said that as part...

Bank governor warns interest rates could rise in worst-case Brexit scenario

Bank of England governor Mark Carney has warned interest rates could rise in the event of a no-deal Brexit if a cliff-edge withdrawal sends...

UK construction growth at weakest level for six months

Britain’s construction sector suffered its weakest growth for six months in September as the “Brexit blot on the landscape” held back activity, according to...

No change to interest rates as Bank of England warn of “sluggish” growth

The Bank of England has warned economic growth will remain "sluggish" as it kept interest rates on hold amid a tightening squeeze on family...

China’s economic growth holds steady despite slowdown fears

China's economic growth held steady in the latest quarter, boosted by trade and consumer spending, despite concerns about a possible impending slowdown. Output rose 6.9%...

Cabinet Ministers seek to reassure pharmaceutical firms over Brexit

Cabinet ministers Jeremy Hunt and Greg Clark have sought to reassure the pharmaceutical industry that the UK will maintain a "close working relationship" with...

Greece planning return to bond markets with or without ECB support

Greece will return to financing itself on international bond markets with or without the support of the European Central Bank's (ECB) bond-buying programme, the...

Borrowing wanes as rising inflation tightens squeeze on UK consumers

Consumer borrowing eased back last month as inflation's upward march forced UK shoppers to rein in their spending, according to new figures. The British Bankers'...

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