UK banks can withstand fresh crisis, key test finds

UK banks are beardown capable to withstand a caller economical crisis, according to the Bank of England.

In its accent trial of the fiscal system, the Bank said the UK's 8 largest lenders could past a worst lawsuit script of plunging location prices, a heavy recession and soaring inflation.

It besides said that the state has "so acold been resilient" to rapidly rising involvement rates.

But immoderate households and firms "may conflict with repayments" connected loans.