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Evening Standard
Evening Standard
Business
Simon English

Recession fears grow as bad debts jump at Lloyds Bank

Lloyds Recession United Kingdom Charlie Nunn Lloyds Banking Group

Lloyds Banking Group has said it will close 60 bank branches across the UK (Stefan Rousseau/PA)

(Picture: PA Wire)

FEARS about the UK tumbling into recession grew today when the UK’s biggest domestic bank set aside hundreds of millions of pounds to cover loan defaults.

Lloyds Banking Group still made profits of £3.7 billion in the first half of the year, a result that beat City expectations.

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