Consumers face credit squeeze as lenders tighten loan availability – business live

All the day’s economic and financial news, as British banks plan to tighten unsecured credit and chartered surveyors warn that Britain’s housing market is coolingLatest: UK lenders plan consumer credit clampdownDefault rates rise as households struggleSterling falls as Barnier says Brexit talks are deadlockedInvestors and manufacturers want Brexit progress, fastEarlier:UK Read more

Electricity consumers 'to fund nuclear weapons through Hinkley Point C'

Scientists tell MPs government is using expensive power project to cross-subsidise military by maintaining nuclear skillsThe government is using the “extremely expensive” Hinkley Point C nuclear power station to cross-subsidise Britain’s nuclear weapon arsenal, according to senior scientists.In evidence submitted to the influential public accounts committee (PAC), which is currently Read more