Bank spells out chance of further rate cut this year
Craig TaylorThe Bank of England deputy governor spells out in a BBC interview there could be a further interest rate cut this year if economic conditions worsen. BBC News – Business
Business
Renault-Nissan ‘reasonably optimistic’ over Brexit
The chief executive of Renault-Nissan tells the BBC he is “reasonably optimistic” over Brexit but says car prices will rise in the UK. BBC News – Business
Rate cut ‘foregone conclusion’ as economy slows sharply
The UK economy is contracting at its fastest rate since the financial crisis, making an interest rate cut “a foregone conclusion”, says financial data company Markit. BBC News – Business
China ‘warning’ over Hinkley Point delay claims
China will not tolerate “unwanted accusations” following the UK government’s decision to delay signing off on the Hinkley nuclear power project, the country’s state-run news agency says. BBC News – Business
Saatchi boss Kevin Roberts disciplined over gender comments
The chairman of advertising agency Saatchi and Saatchi, Kevin Roberts, is put on leave for saying the debate on gender bias in the industry is “all over”. BBC News – Business
RBS performs poorly in stress tests
RBS Group performed poorly in the latest European stress tests which assess how the banks might perform in adverse economic conditions. BBC News – Business