PRESS DIGEST- British Business - Oct 13

From Reuters - October 12, 2017

OCT 13 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

- More high street banks and building societies intend to curb their supply of credit to consumers over the next three months than at any time since the collapse of Lehman Brothers, according to the Bank of England.

- HSBC Holding Plc has appointed a long-serving executive John Flint as chief executive, less than two weeks after Mark Tucker took over as chairman of HSBC.

The Guardian

- Christine Lagarde, the managing director of the International Monetary Fund , has said it is unimaginable that Britain would leave the EU without a deal in March 2019, as she called for faster progress in the slow-moving Brexit talks.

- The energy bills of 11 million households will be capped for as long as five years under legislation put forward by government, which the Conservatives have claimed could save people up to 100 pounds ($132.66) a year.

The Telegraph


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