Tag Archives: strain

UK economy under worst strain for seven years as car sales slump

┬áThe global car industry has been hit by a decline in demand for diesel vehicles. Photograph: Matt Cardy/Getty Images The British economy is showing the greatest signs of strain for seven years amid a continued decline in car sales and as the service sector struggles to grow with Brexit looming. According to the latest snapshot from the beleaguered UK motor ... Read More »

RBS slumps 25% as Brexit puts bank shares under severe strain

Bank shares are under severe pressure after the Brexit vote, with bailed-out Royal Bank of Scotland shedding a quarter of its stock market value at one point. The 25% slump in RBS shares on Monday took the bank, still 73%-owned by the taxpayer, back to levels last seen in February 2009. They later regained some ground, but by mid-afternoon were ... Read More »