Household spending grows at slowest rate in six years – business live

Official figures show UK household spending grew by 1.7% in 2017, the weakest rate since 2011 as falling real pay took its toll on family financesBarclays to pay $2bn fine in USUS jobless claims fall to 45-year lowUK growth confirmed at 0.4% in Q4 2017Bargain Booze owner to appoint administratorsUK house prices fall for second month in March GKN: bitter takeover battle comes to a headPound on track for best quarter since 2015 2.50pm BST US markets after the opening bell: 2.41pm BST Barclays has agreed to pay $2bn to settle claims that it fraudulently sold residential mortgage-backed securities in the run-up to the financial crisis.This settlement reflects the ongoing commitment of the Department of Justice, and this Office, to hold banks and other entities and individuals accountable for their fraudulent conduct.The substantial penalty Barclays and its executives have agreed to pay is an important step in recognizing the harm that was caused to the national economy and to investors in RMBS.Barclays Agrees to Pay $2 Billion in Civil Penalties to Resolve Claims for Fraud in the Sale of Residential Mortgage-Backed Securities https://t.co/nlKJWU8lMQ Continue reading…
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