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Business 03 Dec 2020 | 7:00 AM

UK economy won’t reach pre-virus level so soon

LONDON: Britain’s economy will contract this quarter and it will take at least two years for gross domestic product (GDP) to reach pre-Covid-19 levels, according to a Reuters poll which also found London would agree a free-trade deal with the European Union (EU).

Business 01 Dec 2020 | 7:00 AM

BoE split over subzero rates

LONDON: The Bank of England (BoE) is seeing old fault lines open up as officials lock horns on whether to take interest rates below zero for the first time.

Business 01 Dec 2020 | 7:00 AM

Lloyds names HSBC’s Charlie Nunn as chief executive

LONDON: Britain’s biggest domestic lender Lloyds Banking Group said it had picked Charlie Nunn, currently head of wealth and personal banking at rival HSBC, to become its next chief executive.