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More than 40% of Britons in poor health or struggling financially amid pandemic, says UK regulator

<div class="at-above-post addthis tool" data-url="https://www.metro.us/more-than-40-of-2/"></div>LONDON (Reuters) – More than 40 percent of Britons are struggling financially or suffering poor health, a sharp increase from last year driven by the COVID-19 pandemic, Britain’s Financial Conduct Authority said on Thursday. The FCA said there are now 27.7 million adults in Britain affected by low financial resilience, poor health or other recent […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/more-than-40-of-2/"></div><!

Worst yet to come for banks in terms of pandemic fallout, says BoE s Woods

Banks in Britain have been shielded from the worst effects of the COVID-19 pandemic by government relief measures and the toughest time has yet to come, Bank of England Deputy Governor Sam Woods said on Friday. Government relief schemes such as furlough payments and guarantees on banks loans to companies have cushioned banks against fallout from the crisis, but these will be wound down in coming months. We feel good about what s happened so far but in a way the tougher bit is coming, Woods told a London School of Economics webinar. The government has pushed out a lot of the stress in time, but some will still come through. The big British banks collectively hold 260 billion pounds($356.49 billion) of equity capital - a fairly decent number - but it will be under more pressure this year as some corporate loans turn sour, Woods said.

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