Bank of England warns global trade barriers and tensions threaten UK's financial stability.

The Bank of England warns that rising global trade barriers and geopolitical tensions could disrupt UK's financial stability, increasing economic uncertainty and market volatility. Despite current strong positions of UK households, businesses, and banks, the report highlights risks due to the UK's open economy. The BoE plans to conduct stress tests every two years starting 2025 to monitor financial risks.

November 29, 2024
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