<?xml encoding="utf-8" ??>Barclays has revealed plans to shut 14 more branches across England and Wales in June. These closures will be in addition to the 55 branches the bank already planned to shut this year, meaning at least 69 Barclays branches will shut in 2023.The decision from Barclays is in line with other major banks, which have axed branches as ...
<?xml encoding="utf-8" ??>The cost-of-living crisis and rising energy prices have caused problems for many people, and businesses aren’t exempt from these financial struggles. In fact, in PayPal’s Business of Change Report 2022, 78% of business ownersclaimed they were worried that the cost-of-living crisis would be the biggest threat to their businesses this year.As such, supporting your local businesses is more ...
<?xml encoding="utf-8" ??>HSBC has become the first bank to agree to delay the closure of a last branch in town until alternative banking arrangements are in place. The bank’s move means a number of communities will now not spend months bankless while a new banking hub is opened – or a cash deposit service introduced.Last year, the banks agreed to ...
<?xml encoding="utf-8" ??>The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector turmoil. It comes as markets brace for another week of volatility following panic over the health of Deutsche Bank.IMF managing director Kristalina Georgieva said uncertainty in the global economy remained ‘exceptionally high’ and 2023 ...
<?xml encoding="utf-8" ??>Energy giant Ovo has launched its first deal for customers cheaper than the government’s cap on household bills. The firm will offer a fixed 12-month tariff of £2,275 for existing customers, at a time when the government is limiting typical household bills to £2,500.It comes as falling wholesale gas prices start feeding through to bills. One expert urged ...
<?xml encoding="utf-8" ??>The Chief Executive of UK Export Finance (UKEF), Tim Reid, meets with the Albanian Prime Minster, Edi Rama and Finance Minister, Delina Ibrahimaj, to cement their £4bn ambition for a closer UK-Albania export relationship. This £4bn marks a doubling of the previously published market risk appetite for UKEF support for Albania and signals the huge opportunity available for ...
<?xml encoding="utf-8" ??>A recession is still on the cards in the UK despite the economy performing much better than experts predicted just a few months ago, new forecasts out today project. Higher interest rates and households responding to the cost of living crunch gripping their finances by trimming spending is tipped to push GDP 0.3 per cent lower this year, ...
<?xml encoding="utf-8" ??>UK ministers should act to ensure long Covid sufferers receive the support they need from employers, with as many as two-thirds claiming they have been unfairly treated at work, a report argues. The report, from the TUC and the charity Long Covid Support, warns that failing to accommodate the 2m people who, according to ONS data, may be ...
<?xml encoding="utf-8" ??>Most British businesses are struggling to plug gaps in their workforces amid a shortage of skilled talent. About 80 per cent of companies reported difficulty filling jobs, according to the latest talent shortage survey by ManpowerGroup, the American recruitment giant. That marks the highest percentage since 2006, while the proportion of businesses reporting difficulties with recruitment has jumped ...
<?xml encoding="utf-8" ??>Almost two thirds of consumers cannot answer basic questions about their finances correctly, according to a survey from PwC and YouGov. Asked how much they would expect to pay for their mortgage if interest rates suddenly went up, only 37 per cent gave the right answer and only 31 per cent could identify what would happen to a ...