Try GOLD - Free
'Tariffs could hike risk of firms defaulting on loans'
Western Mail
|July 10, 2025
TRADE tariffs could increase the risk of some businesses falling behind on loans, while a high proportion of the UK workforce is in sectors more exposed to global shocks, the Bank of England has warned.
-
Households and businesses nonetheless remain resilient, and the UK banking system is equipped to support them even if conditions significantly worsen, the Bank’s Financial Policy Committee (FPC) said in its latest report.
The FPC said there was a high degree of unpredictability about how global trade will evolve, with US President Donald Trump hiking tariff rates in April but negotiations with other countries over possible trade deals ongoing.
This story is from the July 10, 2025 edition of Western Mail.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Western Mail
Western Mail
Wales can bridge gulf to shock Ireland, says Lake
On our day we believe we can beat anyone, insists skipper
1 mins
March 06, 2026
Western Mail
Wild days at Swansea City as they tried to ban us from Wind Street
Tommy Butler was a vital part of the Swansea side that romped to football's League One title in 2008. Here he tells Tom Coleman about the highlights from his playing days, and what he's been doing since
8 mins
March 06, 2026
Western Mail
Starmer reveals extra jets are on way
FOUR extra British Typhoon fighter jets are being deployed to Qatar amid the conflict in the Middle East, Keir Starmer said yesterday.
1 mins
March 06, 2026
Western Mail
A real DEAD ringer for love
STYLISH REIMAGINING OF A HORROR CLASSIC COMES APART AT THE SEAMS DESPITE AN ELECTRIFYING LEAD PERFORMANCE FROM JESSIE BUCKLEY
1 mins
March 06, 2026
Western Mail
Spice up your purse: Special coin marks 30 years of girl power
THEY have inspired generations with girl power and positivity, dominated the music charts, and even starred in a 1990s feature film - and now the Spice Girls are being celebrated on official coins produced by the Royal Mint.
1 mins
March 06, 2026
Western Mail
Sheen tells podcast his six-year-old daughter acts just like an agent
IMAGINE what it would be like to grow up with a famous father, like Anais and Noel Gallagher for example, or perhaps Brooklyn and David Beckham.
2 mins
March 06, 2026
Western Mail
Couple are allowed to remain in farmhouse
A COUPLE lived in a farmhouse without permission in west Wales for 28 years.
1 mins
March 06, 2026
Western Mail
Reform pledge action on 20mph, M4 and more in Welsh manifesto launch
» from front page
3 mins
March 06, 2026
Western Mail
The 51 clubs bidding to oust WRU chair in Ospreys row
WE CAN reveal the names of the 51 clubs backing the Welsh Rugby Union EGM in a bid to oust chairman Richard Collier-Keywood.
5 mins
March 06, 2026
Western Mail
Cardiff hoping to have key pair fit for top-of-table clash with Imps
Barry-Murphy is sweating on the fitness of two key Cardiff City players ahead of tomorrow's blockbuster top-of-table clash with Imps
1 mins
March 06, 2026
Listen
Translate
Change font size