Thu. Jan 21st, 2021

UK retail sales stabilise; German confidence rises; Hong Kong shares surge – business live

Rolling coverage of the latest economic and financial news

12.53pm GMT

Gareth Shaw, Head of Money, Which?, fears TSB customers will lose out once it shuts 86 of its branches across the UK:

“Bank customers are still enduring almost daily IT glitches, which is why everyday banking services and access to cash – which is a vital back-up – must be protected. The next government should urgently intervene with legislation that protects access to cash for as long as it is needed.

12.44pm GMT

Britain’s financial sector continues to shed staff at a heady rate, as banks try to slash costs and keep up with technological changes.

Today the ace is hovering over TSB, which is planning to shut 86 branches – one in seven of its estate – just six years after being spun out of Lloyds.

Related: TSB to close 86 branches with loss of up to 400 jobs

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