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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

Metro Bank customers hit by payment problems; EU to raise tariffs on foreign steel imports – as it happened

A Metro Bank branch at Reading town centre.
A Metro Bank branch at Reading town centre. Photograph: Geoffrey Swaine/REX/Shutterstock

Closing post

Time to wrap up….

Customers of Metro Bank have been hit by technical problems today that affected inbound and outbound payments, and left some being presented with negative balances.

The EU is poised to announce new tariffs on foreign steel imports… a move which could be very damaging to the UK steel industry.

UK investors have been piling out of stocks in recent weeks, new data shows, even as shares have hit record levels

The futures price of gold has hit $4,000 for the first time, as investors seek a safe haven from geopolitical volatility, economic uncertainty and stubborn inflation.

Goldman predicts gold could hit $4,900 by the end of next year.

Jaguar Land Rover has launched a phased restart of its manufacturing operations, more than a month after the British carmaker was hit by a crippling cyber-attack….

…as it revealed its sales had dropped sharply in a “challenging quarter”.

UK house price growth has slowed to its lowest in over a year.

This chart, from Downdetector, shows how reports of problems at Metro Bank began around 6am this morning, peaking just before 9.30am.

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