Topic filter : Deficit

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....It said those most affected are younger workers, many of whom will never benefit from the defined benefit pension schemes being protected. In 2016, UK firms spent roughly £24bn trying to plug their deficits, it said. ... [Read full article on BBC ]
Monday 22nd of May 2017 07:16:46 AM
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....The budget forecasts about $2tr in extra federal revenue growth over the next 10 years, which it uses to pay for Mr Trump's "biggest tax cut in history". But that very same $2tr is then used to reduce the budget deficit. ... [Read full article on BBC ]
Wednesday 24th of May 2017 05:46:23 PM
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....5bn surplus that is recycled by the government to provide financial help to Britain’s less well-off regions, according to an official breakdown of the public finances. The first attempt by the Office for National Statistics to break down the UK’s budget deficit by region has demonstrated the importance of the capital and highlighted how taxes and public spending are used to narrow the north-south divide. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 10:26:10 AM
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....The retirement age in Britain and other leading developed countries will need to rise to 70 by the middle of the century to head off the biggest pension crisis in history, according to the World Economic Forum. The body that runs the annual gathering of the global elite in Davos said deficits in the world’s six largest pension systems would more than quadruple to $224tn by 2050 unless people worked longer and saved more. ... [Read full article on Guardian ]
Friday 26th of May 2017 06:07:32 AM
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. Portugal has become the latest bailed-out eurozone country to receive a clean bill of health from the European Commission after its budget deficit fell to 2% of GDP last year. ... [Read full article on BBC ]
Monday 22nd of May 2017 11:27:55 AM
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.... . This budget projects the US government will eliminate its deficit and be running a surplus by 2027 - for the first time since the 1990s. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 03:31:49 PM
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....But they could really do with a stronger price recovery. To take one example; last year Saudi Arabia had a deficit in the government's finances equivalent to 17% of national income. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 11:07:36 PM
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....Martin Beck, senior economic adviser to economic forecasting group EY ITEM Club, said: "The new fiscal year began on a disappointing note for the public finances. Supportive one-off factors last year and a weakening economy suggest the deficit is set to widen. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 09:24:08 AM
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.... Pay growth has stalled, despite low unemployment and reports that companies are struggling to fill vacancies. The news that Britain’s trade deficit widened more than expected in March has dampened hopes that stronger exports can make up for softer domestic demand. ... [Read full article on Guardian ]
Thursday 25th of May 2017 11:12:55 AM
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.... London, the south-east and the east of England recorded net fiscal surpluses in 2016 – in order words, tax receipts exceeded public spending on a per-head basis. The rest of the UK was in deficit, says the Office for National Statistics in its first such regional breakdown. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 04:14:39 PM
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Tuesday 23rd of May 2017 07:32:09 AM
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....In the 2016-17 financial year to the end of March, borrowing fell by £20bn to £52bn after economic growth helped drive tax receipts higher, narrowing the gap between what the government spends and earns. It was the lowest deficit since 2007-08, and meant that chancellor Philip Hammond essentially met his £51. ... [Read full article on Guardian ]
Sunday 21st of May 2017 02:14:58 PM
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Latest Finance News related to Deficit

Don't want to work until you are 70? You will have to, says WEF image
Source : Guardian [Read Article] Friday 26th of May 2017 06:07:32 AM
....The retirement age in Britain and other leading developed countries will need to rise to 70 by the middle of the century to head off the biggest pension crisis in history, according to the World Economic Forum. The body that runs the annual gathering of the global elite in Davos said deficits in the world’s six largest pension systems would more than quadruple to $224tn by 2050 unless people worked longer and saved more. ...
Brexit economy: workers face squeeze but firms remain upbeat image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:12:55 AM
.... Pay growth has stalled, despite low unemployment and reports that companies are struggling to fill vacancies. The news that Britain’s trade deficit widened more than expected in March has dampened hopes that stronger exports can make up for softer domestic demand. ...
White House denies 'egregious' budget accounting error image
Source : BBC [Read Article] Wednesday 24th of May 2017 05:46:23 PM
....The budget forecasts about $2tr in extra federal revenue growth over the next 10 years, which it uses to pay for Mr Trump's "biggest tax cut in history". But that very same $2tr is then used to reduce the budget deficit. ...
Will Opec extend output cuts in bid to push up oil prices? image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:07:36 PM
....But they could really do with a stronger price recovery. To take one example; last year Saudi Arabia had a deficit in the government's finances equivalent to 17% of national income. ...
If London subsidises the rest of the UK, where does that leave Scotland? | Nils Pratley image
.... London, the south-east and the east of England recorded net fiscal surpluses in 2016 – in order words, tax receipts exceeded public spending on a per-head basis. The rest of the UK was in deficit, says the Office for National Statistics in its first such regional breakdown. ...
Trump's $4.1tr budget takes hatchet to safety net image
Source : BBC [Read Article] Tuesday 23rd of May 2017 03:31:49 PM
.... . This budget projects the US government will eliminate its deficit and be running a surplus by 2027 - for the first time since the 1990s. ...
London economy subsidises rest of UK, ONS figures show image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 10:26:10 AM
....5bn surplus that is recycled by the government to provide financial help to Britain’s less well-off regions, according to an official breakdown of the public finances. The first attempt by the Office for National Statistics to break down the UK’s budget deficit by region has demonstrated the importance of the capital and highlighted how taxes and public spending are used to narrow the north-south divide. ...
Government borrowing at three-year April high image
Source : BBC [Read Article] Tuesday 23rd of May 2017 09:24:08 AM
....Martin Beck, senior economic adviser to economic forecasting group EY ITEM Club, said: "The new fiscal year began on a disappointing note for the public finances. Supportive one-off factors last year and a weakening economy suggest the deficit is set to widen. ...
Portugal back to fiscal health, says EU image
Source : BBC [Read Article] Monday 22nd of May 2017 11:27:55 AM
. Portugal has become the latest bailed-out eurozone country to receive a clean bill of health from the European Commission after its budget deficit fell to 2% of GDP last year. ...
Workers 'suffer £200 pay cut' to fund pension deficits image
Source : BBC [Read Article] Monday 22nd of May 2017 07:16:46 AM
....It said those most affected are younger workers, many of whom will never benefit from the defined benefit pension schemes being protected. In 2016, UK firms spent roughly £24bn trying to plug their deficits, it said. ...
Growth slump as rising prices slowed consumer spending, figures to show image
....In the 2016-17 financial year to the end of March, borrowing fell by £20bn to £52bn after economic growth helped drive tax receipts higher, narrowing the gap between what the government spends and earns. It was the lowest deficit since 2007-08, and meant that chancellor Philip Hammond essentially met his £51. ...
May's manifesto is birth of third way Conservatism image
Source : Guardian [Read Article] Thursday 18th of May 2017 01:15:48 PM
.... The underperformance of the economy meant a 2015 deadline became a 2020 deadline and is now a 2025 deadline. The glacial pace of deficit reduction means that the 2017 manifesto is far more cautious in its tax pledges than the one produced by David Cameron two years ago. ...
Tata Steel offers to pump £550m into closed pension fund image
Source : BBC [Read Article] Tuesday 16th of May 2017 04:01:04 PM
....". The size of the deficit at the old British Steel pension scheme is estimated to be between £300m and £400m, but the cost of a full bailout could range between £1bn and £2bn if Tata Steel UK went bust. ...
Labour gambles on tax and spend – but will the public back it? | Larry Elliott image
.... That gamble is necessary because Labour’s tax increases only cover day-to-day spending and not investment in public infrastructure of £25bn a year. Labour believes that the failure of the Conservatives to get the budget deficit down despite year after year of austerity has made it possible to make the case for a different approach under which McDonnell would take advantage of low interest rates to borrow to invest. ...
General election 2017: Workers' rights protections promised by Tories image
...."All evidence shows that if people feel happy at work then they are more productive," he said. Mrs May, visiting Oxfordshire, said: "By working with business, reducing taxes and dealing with the deficit, we have delivered steady improvements to the economic prospects of working people. ...
Is Labour's manifesto living in fantasy land? Quite the opposite | Larry Elliott image
.... Fantasy Island, as the title suggests, was not exactly flattering about Britain’s departing PM. It painted a picture of Britain as mired in debt, where the public sector was on the brink of meltdown, where the country was trying to play the part of world policeman on the cheap, and where the growing size of the trade deficit exposed the perils of allowing manufacturing to shrivel. ...
China's Xi lays out $900bn Silk Road vision amid claims of empire-building image
....”. Cai said a Chinese construction blitz was good news for Asia, which suffers from a chronic deficit of infrastructure, but argued it was too early to tell whether Xi’s lofty dreams would be fulfilled. ...
Battle ground image
Source : BBC [Read Article] Sunday 14th of May 2017 01:14:58 AM
....This year, for every £1 that it raises, the government will spend an extra 3p that it has borrowed. This gap between spending and revenues is called the deficit, and the amount borrowed each year adds to the national debt. ...
Theresa May will cause more poverty than Thatcher, Gordon Brown warns image
....Household budgets of less well-off families have received a double blow this year. Wages have failed to keep pace with prices, while cuts to tax credits have come into force after being announced by George Osborne in 2015 as part of a renewed attempt to reduce the size of Britain’s budget deficit. ...
The German economy is unbalanced – but Trump has the wrong answer image
.... Forget that Germany is relatively open to US exports, or that its policymakers are subject to the EU’s anti-subsidy regulations. Ignore the fact that bilateral balances are irrelevant for welfare when countries run surpluses with some trade partners and deficits with others. ...
UK industrial output falls in March image
Source : BBC [Read Article] Thursday 11th of May 2017 09:23:23 AM
....7% fall in February. Meanwhile, the UK's deficit in goods and services widened to £4. ...
How do we know we can trust the latest polls? | Brief letters image
Source : Guardian [Read Article] Tuesday 9th of May 2017 06:03:33 PM
....Barbara FreemanLeicester. • Richard Carden (Letters, 8 May) perhaps misses the point when he attributes English councils’ democratic deficit to first past the post. ...
Federal budget 2017: the 10 graphs you need to see | Greg Jericho image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:39:56 AM
.... The budget still includes cuts to company taxes, which will in time offset the bank levy. It still includes the end of the 2% deficit levy for those earning over $180,000. ...
​Enemies of the state​:​ the 40-year Tory project to shrink public services image
....The fast-disappearing environmental health officer – in England, their numbers down by 25% over five years – is just one example of how the state is shrinking, its capacities dwindling and its fabric stretching thin. This is not just a regrettable deficit-reducing necessity, but a long-term political project to return us to a pre-second world war dominance of the private realm. ...
Macronomics image
Source : BBC [Read Article] Monday 8th of May 2017 07:46:22 AM
.... The economy has been creating jobs at the fastest pace in more than a decade. The European Union requires members to make sure their budget deficit (essentially the difference between what it brings in through revenues e. ...
Falling real pay shows the British economy is still struggling | Larry Elliott image
.... That would be easier had more of Britain’s industrial base survived the travails of the past four decades. The reality is that beneath the surface glitter, the UK has some deep economic problems, from chronically weak investment to profound regional imbalances and a persistent trade deficit. ...
General election 2017: Labour rules out tax rises for 95% of earners image
....Prime Minister Theresa May has said she has "no plans" to raise other taxes after the election, but has declined to back a 2015 pledge that also ruled out rises in income tax and National Insurance. Chancellor Philip Hammond has said that "greater flexibility" would be needed in future to pay down the deficit and reduce levels of debt. ...
Retail Acquisitions, which bought BHS for £1, heads for liquidation image
Source : Guardian [Read Article] Thursday 4th of May 2017 12:17:13 PM
.... An estimated £6m was owed by Retail Acquisitions to BHS when it collapsed. The failure of BHS led to the loss of 11,000 jobs and left a £571m pension deficit. ...
Fears savers are being tricked OUT of gold-plated final salary pensions image
Source : Daily Express [Read Article] Thursday 4th of May 2017 11:49:00 AM
.... The financial regulator is set to look at advisor rules around the issue later this year amid the fears - but this could come too late for some people. Many companies have now closed final-salary pensions to new members as the schemes often resulted in huge deficits for employers. ...
UK needs £15bn in cuts or tax rises to clear deficit by 2022, says IFS image
. It will take an extra £15bn of spending cuts or tax rises to eliminate the budget deficit by the time of the 2022 election, a leading thinktank has said as it laid bare the damaging legacy of the financial crisison UK living standards and public finances. ...
Sir Philip Green and wife took £433m hit last year, says rich list image
.... But the billionaire has been warned that he could still be stripped of his knighthood. The value of Green’s Arcadia stake has also dropped because of falling sales, reduced assets and a ballooning pension deficit. ...
FTSE firms face pension 'difficulty' image
Source : BBC [Read Article] Monday 1st of May 2017 07:37:03 AM
. Some of the UK's biggest companies face "difficult discussions" over their growing pension deficits, according to a pensions consultancy. ...
May vows to protect pensions from 'unscrupulous bosses' image
Source : BBC [Read Article] Sunday 30th of April 2017 03:59:09 AM
....Meanwhile, Labour has unveiled a plan to strengthen rights at work. Billionaire Sir Philip Green sold BHS for £1 in 2015 and a year later it went into administration with a £571m pension deficit. ...
Pensioners will carry on hoarding cash if state won’t step in image
Source : Guardian [Read Article] Saturday 29th of April 2017 04:00:03 PM
....Hammond and May can see that the economy is weakening, following a squeeze on disposable incomes from higher inflation and stagnant wages growth. The knock-on effect to lower tax receipts is going to put pressure on the government’s finances and the chancellor will need to raise money to keep his deficit reduction plan on track. ...
Good and bad news from an economy in uncharted territory image
Source : Guardian [Read Article] Saturday 29th of April 2017 03:00:02 PM
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
.... However, he said he felt confident that the tax cuts would “pay for [themselves] through growth, reduction of deductions, and closing loopholes”. The treasury secretary did insist, though, that “the deficit is a problem and the president is concerned about that”. ...
In the small print image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:35:41 PM
....The "pay for itself" argument in favour of tax cuts has a long and contested history in the US, with many doubting that the evidence bears out the theory. Lower tax rates mean less tax revenue - which could be a serious problem for Republicans in Congress worried about national debt and a ballooning deficit. ...
UK government borrowing at lowest level since 2008 financial crisis image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:39:40 AM
....It was the lowest level of annual borrowing since 2007-08, according to the Office for National Statistics, before the full impact of the financial crisis was reflected in the public finances. The lower deficit meant the chancellor, Philip Hammond, essentially met his £51. ...
Government deficit at lowest since financial crisis, says ONS image
Source : BBC [Read Article] Tuesday 25th of April 2017 09:21:26 AM
....That was the lowest level since the financial crisis of 2008, the Office for National Statistics (ONS) said. In Chancellor Philip Hammond's Budget last month, the Office for Budget Responsibility had forecast the deficit would be slightly lower at £51. ...
Could the IMF's 'world currency' help encourage global unity? | Mohamed El-Erian image
.... The result is a substantial gap between the SDR’s potential and its performance. That gap has meant missed opportunities for the global economy – particularly in terms of asset liability management, responsive liquidity, adjustment between deficit and surplus countries – and thus a gap between actual and potential growth. ...
Sir Philip Green could still lose knighthood, says MP image
Source : Guardian [Read Article] Sunday 23rd of April 2017 03:54:50 PM
....”. Green agreed to pay £363m to settle the BHS pension scheme in February, less than the £571m deficit the firm was left with when it went bust in April last year. ...
IMF meeting drops anti-protectionism pledge image
Source : BBC [Read Article] Sunday 23rd of April 2017 09:58:15 AM
....An IMF statement said members would "work together" to reduce global trade and current account imbalances "through appropriate policies". It comes as the Trump administration looks to cut US trade deficits. ...
Saudi Arabia's King Salman reverses public sector pay cuts image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:39:53 AM
....Wage increases for lower-ranking civil servants were suspended, and overtime payments and annual leave capped. Salaries and allowances accounted for 45% of government spending in 2015, or $128bn (£99bn), and contributed to a record budget deficit of $98bn. ...
BHS crash sets trend for a chain of closures on UK high streets image
Source : Guardian [Read Article] Saturday 22nd of April 2017 03:00:17 PM
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
.... The pound is 14% lower against the dollar than it was on the day of the referendum in June when the UK voted to leave the European Union. Weaker sterling makes goods imported from abroad more expensive, which is a big blow to the retail sector when Britain imports most of its food and runs a large deficit in goods with the rest of he world. ...
Philip Hammond signals ditching of Tory 'no tax rise' pledge image
Source : Guardian [Read Article] Friday 21st of April 2017 12:58:04 PM
....Philip Hammond has given a strong hint that the Conservatives may ditch their pledge not to raise VAT, national insurance or income tax, saying the flagship 2015 policy had constrained his ability to manage the economy. The chancellor, who was recently forced to drop an attempt to raise national insurance for the self-employed, suggested the tax lock had hampered the government’s drive to reduce Britain’s budget deficit. ...
Tata Steel offers £520m pensions payment in bid to secure future image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:14:48 PM
....The scheme, which is called the British Steel pension scheme, has 130,000 members and liabilities of £15bn, making it one of the largest in the country. Trustees for the scheme warned earlier this year that the deficit could rise to between £1bn and £2bn without support from Tata Steel. ...
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
.... He seized the moment to justify setting about shrinking the state to below anything seen here or in similar European economies, though that tourniquet choked off the recovery he inherited. He left an even worse balance-of-trade deficit and the lowest productivity among equivalent countries in a house-price-dependent economy with virtually no new housing. ...
George Osborne: history will not be kind to a man whose flaws led to Brexit image
.... The economy had been on the mend by the time of the 2010 election, but too much austerity too soon resulted in growth slowing down. Plans to tackle the deficit in one parliament proved wildly optimistic. ...
Did you lose your job when BHS went into administration? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:44:09 PM
. The controversial collapse of the BHS department store chain last April, led to the loss of 11,000 jobs and left a pension deficit assessed at £571m. ...
Bernard Matthews seller 'lined own pockets' by rejecting pension offer image
....”. The pension fund is reported to have had a deficit of about £20m when the company collapsed, although that is thought to have grown to as much as £40m. ...
BHS workers share £1m payout over failed redundancy process image
Source : Guardian [Read Article] Friday 14th of April 2017 06:59:27 AM
.... During his ownership, the Green family and other shareholders collected at least £580m from BHS in dividends, rental payments and interest on loans. Green recently resolved the long-running row over the hole in the BHS pension fund deficit by agreeing to hand over £363m in cash to rescue it. ...
Trade agenda image
Source : BBC [Read Article] Thursday 13th of April 2017 11:17:15 PM
....So what are President Trump's priorities for trade? What does he hope to achieve? . He often focuses on trade imbalances: the US deficit in trade with the rest of the world and bilateral deficits too. ...
Trump's trade barriers would be self-inflicted wound, says IMF chief image
Source : Guardian [Read Article] Wednesday 12th of April 2017 10:15:57 AM
....Trump has threatened to put swingeing tariffs on Chinese goods and to impose a tax on imports coming into the US, as part of an economic strategy designed to put America first. Lagarde said cooperation was a better way of dealing with the global imbalances that had resulted in some countries, such as China and Germany, running trade surpluses while others, including the US, run deficits. ...
Tesco full-year pre-tax profits hit by fine image
Source : BBC [Read Article] Wednesday 12th of April 2017 06:37:34 AM
....Tesco said the deal would improve its recovery plans. The supermarket giant's pension deficit more than doubled from £2. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
....Now Trump and congressional Republicans are pursuing tax reform, starting with corporate taxes and then moving on to personal income taxes, as if this will be any easier. It won’t be, not least because the Republicans’ initial proposals would add trillions of dollars to budget deficits, and funnel more than 99% of the benefits to the top 1% of the income distribution. ...
Tesco to report a return to financial health image
Source : Guardian [Read Article] Sunday 9th of April 2017 04:14:41 PM
.... There was evidence of this programme last week when Tesco said 3,000 jobs were at risk as part of a shakeup that involves cutting night shifts for shelf stackers in some of its biggest supermarkets. On Wednesday investors will also be looking for an update on the retailer’s pension fund after last autumn’s admission the deficit had ballooned to £5. ...
America owes China $1tn. That’s a problem for Beijing, and Trump knows it image
....Xi clearly hopes that Trump can be talked down from the aggressively anti-Beijing stance he adopted on the campaign trail, and arrived for his talks armed with a few vague promises about future Chinese investment in the US. This is not going to be enough to satisfy Trump, who has made action on America’s $350bn a year trade deficit with China a touchstone of his presidency. ...
Post-Brexit-vote surge for UK economy comes to an end image
Source : Guardian [Read Article] Friday 7th of April 2017 04:34:17 PM
....24 on Friday as the downbeat economic figures prompted investors to downgrade the UK’s prospects. There has been some evidence of a boost to exports from the weaker pound but the latest trade figures showed Britain’s deficit for goods and services trade widened in February as exports fell and imports rose. ...
Pound falls on weak UK economic data image
Source : BBC [Read Article] Friday 7th of April 2017 11:52:23 AM
....7%. Separate data showed the UK's deficit in goods and services widened to £3. ...
UK industrial output falls in February image
Source : BBC [Read Article] Friday 7th of April 2017 09:27:16 AM
....6% fall in the housebuilding sector. Meanwhile, the UK's deficit in goods and services widened to £3. ...
Trump's trade tactics image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:33:23 PM
Sir Philip 'favoured' Arcadia pension schemes over BHS image
Source : BBC [Read Article] Sunday 2nd of April 2017 07:20:55 PM
....Sir Philip Green has been "long favouring" the pension schemes of Arcadia over those of BHS, according to the chairman of the Commons Work and Pensions Committee, Frank Field. Sir Philip had put a "substantial" recovery plan in place to resolve the deficit in pension schemes at Top Shop owner Arcadia, Mr Field said. ...
Arcadia plan sees pension woe pile up for Philip Green image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
. The pension scheme deficit at Sir Philip Green’s Arcadia Group has risen to nearly £1bn, which means another headache for the former BHS owner. ...
Sterling’s fall lifts UK exports, figures show image
Source : Guardian [Read Article] Friday 31st of March 2017 04:15:49 PM
....Britain’s trading position with the rest of the world improved markedly in the final three months of 2016, boosting hopes that the pound’s sharp fall since the Brexit vote can help the economy become less reliant on domestic spending. As sterling’s fall made UK goods more competitive on overseas markets and boosted exports, there was a significant narrowing in the UK’s current account deficit, the latest ONS growth figures showed. ...
Trump trade crackdown 'not about China' image
Source : BBC [Read Article] Friday 31st of March 2017 03:57:19 PM
. President Donald Trump has signed two executive orders targeting the US trade deficit, ahead of Chinese President Xi Jinping's state visit. ...
The UK must not let this Brexit crisis go to waste. Nor must the EU image
Source : Guardian [Read Article] Friday 31st of March 2017 01:53:07 PM
.... On current trends, the share of Britain’s trade accounted for by the EU will be 30% by 2030, a level last seen in the early 1960s. The latest balance of payments figures show that Britain runs a deficit with the EU, but a surplus with the rest of the world. ...
Topshop loses managing director to The White Company image
Source : BBC [Read Article] Wednesday 29th of March 2017 11:21:38 AM
....Sir Philip has found himself in the headlines over the collapse of BHS. Earlier this year, he agreed with the Pensions Regulator to pay £363m to help cover the deficit in the BHS pension's scheme. ...
UK banks given new stress test scenarios image
Source : BBC [Read Article] Monday 27th of March 2017 11:43:00 AM
.... . Setting out the stress test scenarios, the Bank of England said: "As highlighted in recent financial stability reports, the United Kingdom's large current account deficit creates a vulnerability to a reduction in foreign investor appetite for UK assets and increases in funding costs for real-economy borrowers. ...

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