UK told to brace for ‘deteriorated economic outlook’ with ‘months’ of disruption

UK told to brace for ‘deteriorated economic outlook’ with ‘months’ of disruption

Banks have been told to double their buffers against a feared recession in the coming months
The UK’s economic outlook has ‘deteriorated materially’, leaving households with a ‘very uncertain’ future, the Bank of England has warned.
Families’ budgets are likely to be ‘stretched’ in the coming months, the Bank said in its latest Financial Stability Report.
Meanwhile, commercial banks were told to…

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