Britain's steel industry is essential for a “renaissance” in British manufacturing but unless action is taken it is at risk of a “future of perpetual crisis and decline”, MPs will warn the UK Government as a major report is published.
The Green Investment Bank (GIB) needs to be built up before it can be floated in several years' time according to a UK-based international consortium which wants to be reconsidered as a buyer for the government-owned bank.
Britain is facing three years of slow growth, rising unemployment and squeezed consumer spending as the Brexit-induced collapse in the pound triggers a radical rebalancing of the economy.
FILE PHOTO: A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015.
Banks and building societies are exploring new opportunities afforded by advances in financial technologies as the sector suffered a further dip in confidence.