The Bank of England plans to cut capital requirements to 13% after stress tests show UK banks remain resilient, aiming to boost lending and economic growth.
The UK ends $1.15bn support for TotalEnergies’ Mozambique LNG project over climate, security, and human rights concerns amid renewed plans to restart operations.
Reeves unveils major Budget reforms
UK (Parliament Politics Magazine) – UK bank shares rose over 2% as confidence grew that Chancellor Rachel Reeves’s budget will avoid new tax hikes on lenders after months of uncertainty. As reported by The Guardian, UK bank shares rose after signals that
UK inflation fell to 3.6% in October, easing pressure before the Autumn Budget. See ONS data, political reactions, economist views and expected tax changes.
UK energy price cap forecast to drop to £1,725 in January, offering short-term relief before rising nearly £100 in April due to network and policy costs Cornwall Insight.
Business leaders warn against levy
Former chancellor George Osborne is shortlisted to succeed Sir Mark Tucker as HSBC chair, joining Naguib Kheraj and Kevin Sneader in the final selection.
UK economy expands only 0.1% in Q3 as Jaguar Land Rover cyber-attack hits manufacturing, with weak services and low investment dragging growth.