LONDON (Reuters) - The Bank of England told British banks on Friday they will be required to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected.
The threat of a triple-dip recession in the eurozone, civil unrest in China and the Ebola crisis have created an unprecedented number of headwinds for the global economy, according to the chief executive of WPP.
Royal Bank of Scotland Group Plc's investment bank lost money in the third quarter, bucking the improving trends at the rest of the UK's largest taxpayer- owned lender.
Wholesale gas prices in the UK today hit a record low for supplies to be delivered in November and December, adding to pressure on energy firms to cut household bills.
The UK is taking steps to repay the �2bn debt it originally borrowed to finance the First World War. The debt had not previously been paid off because the Government has to pay relatively little interest on it, having paid a total of �1.26bn since 1917.