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Bank of England

RBS fails stress test

Royal Bank of Scotland has failed the 2016 Bank of England banking stress test. However the regulator said it has approved remedial action that RBS is already taking to improve its resilience to financial shocks. In aggregate the Bank of…

UK GDP beats expectations

by Ben Brettell, Senior Economist, Hargreaves Lansdown The UK economy shook off Brexit-related uncertainty to post 0.5% growth in the third quarter. This is down from 0.7% in Q2, but far better than the 0.3% economists had feared. The ONS…