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Banks boost Reeves with injection of fresh capital
South Wales Evening Post
|November 28, 2025
THE banking industry has given Rachel Reeves some much-needed ammunition as she attempts to defend her tax-heavy Autumn Budget.
of JP Morgan's new £10bn development in London's Canary Wharf
(JP MORGAN CHASE)
After being spared from a highly anticipated cash grab, a fleet of banks announced a fresh pump of capital into the UK economy.
Britain's largest retail bank, Lloyds Banking Group, unveiled £35bn of new finance for 2026 to companies operating and investing in the UK in the hours following the Budget.
FTSE 100 giant Barclays also promised on Wednesday to “boost support to UK businesses and consumers” with further £45bn lending.
This story is from the November 28, 2025 edition of South Wales Evening Post.
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