TSB future uncertain as merger deal is scrapped

TSB future uncertain as merger deal is scrapped

The future of Britain’s TSB challenger bank is uncertain after a merger between its Spanish parent company Sabadell and the giant Spanish financial services company BBVA was scrapped. Sabadell and BBVA were in serious merger talks less than a fortnight ago, but now the deal has folded because they couldn’t agree a price. Strategic alternatives …

Sunak warns of ‘unaffordable’ national debt as borrowing is set to double

Sunak warns of ‘unaffordable’ national debt as borrowing is set to double

Chancellor of the Exchequer Rishi Sunak has warned that Britain’s national debt could become unaffordable if there is a sudden rise in interest rates. Britain has already borrowed billions to keep the economy going during the pandemic crisis. We are set to borrow £370 billion this year which is more than double the £158 billion …