The Bank of England (BoE) Financial Policy Committee (FPC) said on Wednesday in their financial stability report for July that the majority of the United Kingdom-based companies would withstand higher tariffs.
"Despite some pockets of vulnerability, UK corporates would, in aggregate, be able to continue to service their debts even in the face of further global shocks such as lower global demand and supply," FPC wrote in its report, adding that "material uncertainty around the global macroeconomic outlook persists."
BoE also stated that British banks will be able to issue more mortgages at high loan-to income levels, where individual lenders could have more than 15% if their landing at a high LTI ratio. Additionally, the sector in total will continue to have a 15% cap.
