Lloyds Banking sets aside £377m to cover loan defaults
UK: The country of United Kingdom is currently going through an all-time high rate of inflation.This has been the highest since the last 40 years. Amidst the upsurging borrowing costs, the probabilities of loan defaults is also high . Owing to this , Lloyds Banking Group has set aside £377m to cover for possible loan defaults in such economic conditions.
Commute disrupted as Railways announce strikes across UK
UK: The railways have announced strikes yet again across the United Kingdom, leaving citizens to face difficulties in commute. The railway staff have once again called for a strike over disputes over pay, jobs and conditions. More than 40,000 thousand workers are said to have been on strike.
Shop Price inflation hits 4.4 % in UK, highest since 2005
UK: The shop price inflation rate reached 4.4% in July from 3.1% in June. This is the highest rate of inflation since the commencement of the British Retail Consortium index in 2005.
Outdoor Swimming to treat Depression; Trials beginning soon
UK: Outdoor Swimming is going to be trialled as an alternative to clinical drugs in the treatment of Depression, and the trials for the same will begin soon. The scientists are looking forward to trialling outdoor swimming as an alternative to medication.
Former first minister of Ireland ‘Lord Trimble’ dies at 77
UK: The original first minister of Northern Ireland ‘Lord David Trimble’ has died at the age of 77 . Trimble was well known as co-architect of the ‘Good Friday’
agreement. "It is with great sadness that the family of Lord Trimble announce that he passed away peacefully earlier today following a short illness," a statement revealed.
