British Business Bank returns to profit amid further investments

The British Business Bank returned to profit over the past year (Gareth Fuller/PA) - (PA Wire)

The Government-owned British Business Bank has returned to a profit as it pushes forward with efforts to support Chancellor Rachel Reeves’ ambitious growth plans.

The UK’s economic development bank recorded a pre-tax profit of £144 million in the year to March, swinging a £122 million loss a year earlier.